NDC Pledges Comprehensive Overhaul of Bank of Ghana; Reinstate Revoked Licenses of Banks in 2024 Manifesto
The National Democratic Congress (NDC) has unveiled an ambitious agenda to overhaul Ghana’s banking and financial sector, should it secure victory in the upcoming general elections.
The party’s 2024 manifesto, launched in Winneba on August 24, 2024, outlines sweeping reforms aimed at restoring stability and confidence in the country’s financial institutions.
Central to the NDC’s plan is a comprehensive restructuring of the Bank of Ghana, with a focus on enhancing governance and oversight.
The manifesto signals the party’s intent to address what it perceives as regulatory failures that have contributed to the sector’s recent troubles.
In a move likely to resonate with stakeholders in the financial industry, the NDC has committed to reinstating banking licenses that were unjustly revoked under the current administration.
This pledge is positioned as a critical step in rebuilding trust within the financial system and reversing the economic damage caused by the collapse of several indigenous banks.
The manifesto also highlights the NDC’s broader economic strategy, which prioritizes increasing local participation in key sectors, including banking, finance, telecommunications, mining, oil and gas, agriculture, manufacturing, and construction.
The party views this approach as essential for generating employment, particularly for the country’s youth, and driving sustainable economic growth.
By focusing on these reforms, the NDC aims to revitalise Ghana’s banking and financial sector, positioning it as a cornerstone of the nation’s broader economic recovery.
