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Mahama’s commitment to reinstate bank licences is unrealistic – Joe Jackson

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Mahama's commitment to reinstate bank licences is unrealistic - Joe Jackson

Joe Jackson, the Director of Business Operations at Dalex Finance, believes that future governments will find it challenging to reinstate the licences of banks that failed a few years ago.

His remarks follow former President John Dramani Mahama’s promise to restore banking licences that he claimed were unfairly cancelled by the Akufo-Addo administration if re-elected in the 2024 general elections.

The National Democratic Congress (NDC) presidential candidate also promised to rehire experienced workers who were laid off as a result of the banking sector clean-up.

“We will restore indigenous investment and the banking and investment sector. We will create a tiered banking system that will serve the various segments of the market. We will give an opportunity for experienced banking hands who were laid off to secure their careers once more and move away from the menial jobs that they were forced into. As far as practicable, the banking licenses that were unjustly cancelled by this government will be restored,” Mr. Mahama said.

This commitment was made during his acceptance speech following his victory in the NDC primaries last week.

Mr Joe Jackson, however, was doubtful of the pledge during a Big Issue discussion on Citi TV/Citi FM.

“It’s really going to be a difficult thing to do because of the entanglement and so much time has passed. Assuming that Mr. Mahama wins the 2024 general elections, he will assume office in 2025, which will be close to 7 years since the clean-up in the banking sector”.

“It becomes very difficult to understand how you are going to restore all these licenses. When you restore their licenses, does it mean that they will come back and re-capitalise? Set up another institution to get their clients back? The practicality is not that simple, restoring licenses is a very complicated issue. Were the banks unjustifiably taken? And how practical is it? It’s going to be difficult, challenging and not practicable,” the Director of Business Operations at Dalex Finance underscored.

He asked the government to put measures in place to allow Ghanaians to own the banking sector.

“Unfortunately, the fallout from the financial sector clean-up meant that the concentration of our financial sector in foreign hands is now higher than desirable. Some policies should be put in place to give Ghanaians the opportunity to take charge of the financial sector,” he opined.

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Ya Naa tells Bawumia to treat Mahama like his elder brother

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"It's a critical opportunity for us to demonstrate our maturity, competence, honesty, and commitment to Ghana's progress," Ya Naa Abubakari Mahama II said, adding, "You are my son, Dr. Bawumia, and your competitor, John Mahama, is also my son." You're both completely devoted to this election." The Overlord further emphasised that Dr. Bawumia and Mr. Mahama should see each other as siblings rather than adversaries. "He is not your enemy or rival, but your elder brother," Ya Naa Abubakari Mahama II said. "We have already won the elections as Northerners." Whoever wins this trophy will return home."

The Overlord of the Dagbon Traditional Area, Ya Naa Abubakari Mahama II, has asked the New Patriotic Party (NPP) flagbearer and Vice President Dr. Mahamudu Bawumia to run a clean and respectful campaign ahead of the 2024 general elections.

During a courtesy call with Dr Bawumia, Ya Naa Abubakari Mahama II emphasised the necessity of sustaining national unity and peace, whatever of party allegiance.

He reminded Dr Bawumia that his opponent, former President John Dramani Mahama, is also a Dagboni son with similar goals for the country’s growth.

“It’s a critical opportunity for us to demonstrate our maturity, competence, honesty, and commitment to Ghana’s progress,” Ya Naa Abubakari Mahama II said, adding, “You are my son, Dr. Bawumia, and your competitor, John Mahama, is also my son.” You’re both completely devoted to this election.”

The Overlord further emphasised that Dr Bawumia and Mr Mahama should see each other as siblings rather than adversaries.

“He is not your enemy or rival, but your elder brother,” Ya Naa Abubakari Mahama II said. “We have already won the elections as Northerners.” Whoever wins this trophy will return home.”

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The economy is a disaster because Bawumia is ignorant – Sam George

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He suggested the '24hr Economy' concept when he met with leaders from the country's mother workers union on Tuesday, November 7, 2023, as part of his outreach to key stakeholders in his attempt to reclaim power.

Vice President Dr Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), is clueless about handling the economy, according to Ningo Prampram Member of Parliament Samuel Nartey George.

Unlike Dr. Bawumia, Sam Goege stated that the National Democratic Congress (NDC) flagbearer, Former President John Dramani Mahama, is focused on how the economy would be managed.

“We have been inundated with questions of policy and policy initiatives.  John Dramani Mahama has been outlining flagship policy initiatives over the past weeks in public engagements.

“The other one, Dr Mahamudu Bawumia has only one message – John Mahama! He is so pathetic and clueless in his engagements so far it explains to us all the reasons our economy under his leadership is in shambles. Bawumia is empty and spent.

“John Mahama has a clear vision and plan to #BuildTheGhanaWeWant. PS: I am open to a factual debate on the policies outlined so far. I’m uninterested in party bots seeking to earn their daily stipend,” he tweeted while reacting to the comment by Vice President Dr Bawumia to the effect that former President Mahama does not understand what it means to have a 24-hour economy.

Sam tweet

According to Dr. Bawumia, hospitals, the Electricity Company of Ghana, the Ghana Water Company, petrol stations, and numerous chop bars are open 24 hours a day, seven days a week.

He urged Ghanaians to oppose Mr Mahama’s proposal.

Addressing a throng in Nalerigu on Monday, November 20 as part of his ‘Thank you’ trip after being chosen NPP flagbearer on November 4, Dr Bawumia remarked, “John Mahama says he has a new idea.” What is the concept? He claims to desire a 24-hour economy. He’s not even aware of the policy.

Today, our hospitals operate 24 hours a day, our power company operates 24 hours a day, our water company operates 24 hours a day, our gasoline stations operate 24 hours a day, and many chop bars operate 24 hours a day. Because of digitization, you may now transmit and receive money 24 hours a day, seven days a week… As a result, he doesn’t grasp his own policies. It makes no sense.

“So I want you to vote for me in 2024 because I will bring a new vision, I will bring a new policy. Mahama is the past, and Dr Bawumia is the future. If John Mahama was there, we would say we have a dumsor economy, you can’t have a 24-hour economy in dumsor. So, you want to vote for Dr Bawumia in 2024, we will take the country to new heights,” Dr Bawumia stated.

Mr Mahama stated that the 24-hour economy will provide work for all Ghanaians.

“The 24-hour economy I proposed is for jobs and more jobs,” the flagbearer of the National Democratic Congress (NDC) stressed.

He suggested the ’24hr Economy’ concept when he met with leaders from the country’s mother workers union on Tuesday, November 7, 2023, as part of his outreach to key stakeholders in his attempt to reclaim power.

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Mahama urges government to pay allowances owed nursing trainees

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“Let the allowance come. Wherever you are, Krobo Nursing Trainees are begging you to let their allowance come,” John Mahama appealed.

The National Democratic Congress (NDC) flagbearer, John Dramani Mahama, wants the government to settle all arrears due to nursing trainees across the country as soon as possible.

According to John Mahama, such delays generate unneeded hardship for pupils.

Mr Mahama says the government must honour its pledge to pay nursing trainee allowances to students at the Krobo Nursing Training School in the Bono Region as part of his trip.

“Nana Akufo-Addo and Bawumia have stated that they will pay the allowances.” I ask you, Nana Addo and Bawumia, if you can hear me, we here at Krobo Nursing Training School, claim you haven’t paid their allowances for two years now.”

“Let the allowance come. Wherever you are, Krobo Nursing Trainees are begging you to let their allowance come,” John Mahama appealed.

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