Banking crisis: Mahama will come and pay all your locked up cash in full - Sammy Gyamfi

Banking crisis: Mahama will come and pay all your locked up cash in full - Sammy Gyamfi

-Sammy Gyamfi has noted during a press conference that the NDC will come and settle all the investments and deposits locked up with financial institutions

- He said the next John Mahama government will pay depositors whose monies have been locked up following the banking sector cleanup in full

- There have been a cleanup exercise in Ghana's banking and financial sector from August 2017

- Our Manifesto: This is what YEN.com.gh believes in

The National Democratic Congress (NDC) Communications Officer, Sammy Gyamfi, has assured Ghanaians that former president John Dramani Mahama will pay all depositors whose monies were locked up during the central bank’s banking cleanup.

According to the NDC official, Mr. Mahama will ensure that anyone whose money is locked up, is paid in full.

Speaking at the NDC’s Weekly Press Briefing on Monday, June 22, 2020, Mr. Gyamfi also added that when elected into power in December 2020, John Mahama will ensure and restore “indigenous Ghanaian participation in the financial sector”.

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His Excellency John Dramani Mahama is committed to fixing the mess that has been created by the mild administration of President Akufo-Addo in all sectors of the nation and in all facets of our lives. He is committed to delivering transformational leadership needed to create prosperity and wealth for all,” Sammy Gyamfi said.

The NDC flagbearer had earlier promised that his next government will make sure they refund depositors’ monies in the shortest possible time if elected into power in the 2020 elections.

The Bank of Ghana has been involved in a massive cleansing exercise fo the sector from August 2017 to 2019.

The financial sector cleanup led to the collapse of nine universal banks, 347 microfinance companies, 39 microcredit companies or money lenders, 15 savings and loans companies, eight finance house companies, and two non-bank financial institutions.

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The collapse of the institutions led to distress amongst customers who have been struggling to retrieve their savings, investments and deposits.

YEN.com.gh earlier reported that Ghanaians on social media have had their say on which head of state is better at keeping campaign promises.

The comparison was made between the current sitting president and the immediate past president.

The December polls are gradually drawing near with Nana Akufo-Addo and John Dramani Mahama set to slug it out in a two-horse race.

By the time December comes, both men would have been in power for four years each and can be fairly assessed.

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Source: Yen

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