John Dramani Mahama has promised to revive all the collapsed banks and financial institutions which were folded by the New Patriotic Party administration.
The flag bearer of the opposition National Democratic Congress (NDC) says this will follow a comprehensive and unbiased assessment.
This is part of the measures the former President wants to adopt to curb the incessant unemployment in the country, some of which resulted from the collapse of the banks.
During a social media interaction with Ghanaians Sunday, June 09, 2024, Mr. Mahama urged the citizenry to support him in the upcoming elections to make this dream a reality.
He asked the Ghanaian youth to have faith in God and their thumbs to overcome the justifiable anger and disappointments bequeathed them by the NPP government as measures are in place by the next NDC administration to resolve the unemployment canker.
“My dear youth, while I agree with your justifiable anger and disappointments, I urge you to keep hope alive. Have faith in God and the power of your thumb. Ghanaians are in search of hope, hope they can believe in! Hope with the assurance that Ghana will be reset onto the path of progress and prosperity.
“Hope, knowing they can live in safe neighbourhoods and earn a living if they study hard, work hard, and live as law-abiding citizens. This is what Ghanaians are yearning for, and this is precisely what the NDC and I are presenting to you in this election of 2024.
“Exercise your franchise by voting for me, John Mahama, on 7th December 07 and for the NDC Parliamentary Candidate in your constituency. As your selfless, truthful, experienced, and visionary leader, I need your vote to reset Ghana. I assure you I will work with you to build a country of shared growth and prosperity.”
He stressed, “By resetting Ghana, I will repair the dangerous damage to our country’s economy and people.
“Businessmen and women who government apparatchiks have given raw deals will have their say and can be assured of restoration. After a thorough and unbiased assessment, collapsed banks and financial institutions shall be restored. We will provide decent and well-paying jobs through my 24-hour economy initiative.
“Let me be clear: I am utterly appalled and disappointed by the unprecedented unemployment rate we are seeing today,” he stated.
The financial sector cleanup announced by the government in 2017 heralded the revocation of licences of nine banks and more than 370 financial institutions including 15 savings and loans and eight (8) finance houses.
The exercise cost the state in excess of GH¢21 billion and threw thousands of employees and hundreds of thousands of their dependents into disarray.
It is, however, factual, that GH¢9 billion could have saved the banks and other financial institutions according to financial experts.
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