Vice President and NPP flagbearer, , has defended the government's handling of the banking sector reforms, criticising former president John Mahama for his comments on the issue. Speaking at a media engagement on August 25, 2024, Dr. Bawumia highlighted the critical state of the banking sector prior to the reforms, which saved the deposits of 4.6 million bank depositors. "I don't understand whether the former president has taken his time to actually understand what happened in the banking sector. Some atrocious things happened and this is why these banks had to be saved. They were not collapsed.