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0 Concerned former staff and sympathisers of GN Bank/Savings have expressed confidence in President-elect John Dramani Mahama’s commitment to fulfilling his promise to restore GN Bank/Savings and other financial institutions that were unjustly collapsed during the banking sector cleanup under the Akufo-Addo-led NPP government.
“We are encouraged by your commitment to restore the indigenous financial institutions that were unjustifiably dismantled. Your promise to revive GN (Savings) Bank, some of the defunct banks, along with several Savings and Loans and Fund Management companies, resonates deeply with our aspirations for economic recovery and stability,” the group stated in a press release issued on 17th December 2024 in Accra and signed by the Convener, Philip Sarpiah.
“We acknowledge the significant challenges faced by our nation due to the 2019 banking crisis, which had devastating effects on millions of Ghanaians. The actions taken by the previous administration, led by President Nana Addo Dankwa Akufo-Addo, Vice President Dr. Mahamudu Bawumia, and Finance Minister Ken Ofori-Atta, have left a deep and lasting impact on our financial landscape,” the statement read.
According to the founder of the bank, Dr. Papa Kwesi Nduom, the closure of his bank, which had about 300 branches, is detrimental to the nation’s socioeconomic development. Some sympathisers also accuse the NPP government of politically persecuting Dr. Nduom, who is their political opponent, by collapsing his financial institution.
The former employees of the defunct bank also extended their heartfelt congratulations to President-elect John Dramani Mahama and the National Democratic Congress (NDC) for winning the 2024 presidential election.
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“This overwhelming support is a clear manifestation of the collective will of our community, united in the desire for meaningful change in Ghana,” they expressed confidence in the president-elect.
During his campaign, Mr. Mahama promised to restore the banks that were collapsed by the outgoing NPP government during the banking sector cleanup exercise between 2017 and 2020, following an unbiased assessment.
“Fintechs working in the agricultural and agribusiness space will be used as conduits for providing targeted micro-credit for farmers. We will also revive Dr. Nduom’s concept of micro GN banks to boost the rural economy. Your theme underscores the urgency and importance of charting a strategic path forward,” John Mahama said while delivering a keynote address at the 8th Ghana CEO Summit in Accra on Monday, May 27, 2024.
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The group prayed for the mantle of leadership and the qualities needed to lead Ghana towards a brighter future to be bestowed upon Mr. Mahama.
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