Presidential Candidate of the National Democratic Congress (NDC) Former President John Dramani Mahama has insisted that the way and manner in which the banking cleanup was done was bad.He described the approach as poor and insensitive, one that points to a country that gambles with the well-being of its people.He expresses the view that the decision of the government has destroyed countless lives, leaving families in debt.In a Facebook post, Mr Mahama said "Years after the poor and insensitive decisions by Akufo-Addo and Bawumia in the banking sector, countless lives have been destroyed, leaving families in debt, poverty, and devastation.
This happens when a nation gambles with the well-being of its people.
The power is in our hands-let's choose a better future." Mr Mahama earlier promised to restore the licenses of the banks that, in his view, were unjustifiably collapsed during the recapitalisation exercise undertaken by the Bank of Ghana (BoG).Delivering his formal acceptance speech at the University of Development Studies (UDS) on Monday, May 15, 2023 after his victory as flagbearer of the National Democratic Congress (NDC) on Saturday, May 13, 2023 he said "we shall promote robust, local participation in our banking and financial, telecommunication, tourism, mining and agric and manufacturing sectors to grow our economy and create sustainable employment for our youths."We will restore indigenous Ghanaian investments in the finance and banking sector and we will create a tier banking system that will serve various segments of the market."We will give the opportunity to experience banking hands who were laid off needlessly to secure their careers once more and move away from the menial jobs that they were compelled to take."As far as practicable the banking licenses that were unjustly canceled by this government will be restored."