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Mahama vows to reinstate collapsed banks

John Dramani Mahama, the opposition National Democratic Congress (NDC) flagbearer for 2024, has reiterated his commitment to resurrect failing banks and financial institutions following an exhaustive and objective evaluation.

Mahama emphasized the significance of this endeavor in stabilizing the banking industry and reinstating public trust.


Mahama asked Ghanaians to overwhelmingly back him in the general elections of 2024 in order to revitalize the flagging economy, expressing concern over the country’s rising unemployment rate.

The revival of these financial institutions, he continued, would boost employment and the economy.

On Sunday, June 9, Mahama addressed the growing dissatisfaction among young people in Ghana.

When he presented his plan for economic recovery, the former president emphasized the importance of inclusive policies that benefit all facets of society.

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He assured the youth of his commitment to fostering a nation characterised by shared growth and prosperity, and reiterated his dedication to addressing unemployment and creating a more equitable economic environment through the revival of key financial institutions and the implementation of progressive policies.

“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 said.

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