NPP Collapsing the banks was a personal vendetta

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Former president of Ghana, John Dramani Mahama who’s the flagbearer of the Nationwide Democratic Congress (NDC) for the 2024 basic elections has lashed out at the present authorities for the collapse of some personal banks.

He stated the New Patriotic Celebration (NPP) authorities led by President Nana Addo Dankwa Akufo-Addo collapsed some banks due to personal vendetta.

Talking to captains of trade in Accra, the former President stated he’ll evaluate and restore a few of licenses that have been revoked ought to he win the 2024 basic elections.

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“Undoubtedly l gave you an instance, I stated one financial institution was shut down as a result of there was legal prosecution in opposition to its main shareholder. It had nothing to do with the financial institution, and there is likely to be different such circumstances, so we have to take a look at all of them and see whether or not the withdrawal was simply or it wasn’t”.

“And the level even is, should you needed to use such place, with this Home Debt Change Programme (DDEP), are you going to close down current banks? Current banks have been weakened by this DDEP. In case you apply the similar rules you utilized to indigenous banks, you [government] in all probability will withdraw licenses of some current banks,” the former President defined.

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