Restore licenses of banks collapsed for political reasons – Pianim

Renowned economist Kwame Pianim has called for the licenses of banks that collapsed due to political reasons to be restored.

Pianim expressed his belief that licensed banks, proven to have been revoked for political motives, should have their revocations reversed.

His statement follows a pledge made by former President John Dramani Mahama to restore the licenses of banks that he deems unjustly collapsed during the recapitalization exercise conducted by the Bank of Ghana (BoG).

Mahama not only promised to restore the licenses but also assured that experienced individuals who lost their jobs in the banking sector cleanup would regain their positions.

We will create a tiered banking system that will serve the various segments of the market

We will give an opportunity for experienced banking hands who were laid off to secure their careers once more and move away from the menial jobs that they were forced into

As far as practicable, the banking licenses that were unjustly canceled by this government will be restored,” Mr