Kwame Pianim, a prominent economist and former government official, has urged the authorities to reinstate the licenses of some of the banks that were shut down during the banking sector clean-up exercise if they were found to have been targeted for political reasons.
He made this remark in an interview with TV3’s Paa Kwasi Asare, in response to former President John Dramani Mahama’s pledge to restore the licenses of some of the banks that he claimed were unfairly collapsed during the exercise carried out by the Bank of Ghana (BoG).
In his acceptance speech at the University of Development Studies (UDS) on Monday, May 15 after winning the flagbearership race of the National Democratic Congress (NDC) on Saturday, May 13 Mr Mahama said “we will revive local participation in our banking and financial, telecommunication, tourism, mining and agric and manufacturing sectors to grow our economy and create sustainable jobs 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 opportunities to experienced bankers who lost their jobs unnecessarily to secure their careers again and move away from the menial jobs that they were forced to take.”
“As far as possible, we will reverse the unjustified cancellation of banking licenses by this government.”