Former employees and sympathizers of GN Bank/Savings have expressed their confidence in President-elect John Dramani Mahama's commitment to restoring the bank and other financial institutions that were collapsed during the Akufo-Addo administration's banking sector cleanup. In a press statement issued on December 17, 2024, the group, led by Convener Philip Sarpiah, acknowledged the significant challenges faced by Ghana due to the 2019 banking crisis and praised Mahama's promise to revive GN Savings bank and other defunct financial institutions.
The group noted that the previous administration's actions had a devastating impact on millions of Ghanaians and left a lasting scar on the country's financial landscape. They also accused the NPP government of politically persecuting Dr. Papa Kwesi Nduom, the founder of GN Bank, who had about 300 branches across the country. Dr. Nduom has stated that the closure of his bank is detrimental to Ghana's socioeconomic development.
During his campaign, Mahama promised to restore the collapsed banks after an unbiased assessment. He also pledged to revive Dr. Nduom's concept of micro GN banks to boost the rural economy and provide targeted micro-credit for farmers through fintechs. The former employees of GN Bank/Savings congratulated Mahama and the National Democratic Congress (NDC) on their election victory and expressed their confidence in his ability to lead Ghana towards a brighter future.
The group's plea to Mahama is not just about restoring their former employer but also about addressing the broader economic challenges faced by Ghana. They believe that restoring the indigenous financial institutions will help stimulate economic recovery and stability. With Mahama's promise to revive the banking sector, the former employees of GN Bank/Savings are hopeful that their livelihoods and the economy will be revitalized.
As Mahama prepares to take office, the former employees of GN Bank/Savings and other affected individuals will be watching closely to see if he will fulfill his promise. The restoration of GN Bank/Savings and other financial institutions is not just a matter of economic policy but also a test of Mahama's commitment to his campaign promises and the well-being of the Ghanaian people.
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