Mahama Promises to pay Customers of Collapsed Financial Institutions their “locked up Cash’ when voted into Power
Jonas Danquah 
Flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama, has promised to pay all depositors whose monies have been locked up in collapsed financial institutions in Ghana, when he wins the upcoming 2020 elections.
He said the payments will be made within his first year as the country's President.
Mr Mahama was speaking at an official ceremony to introduce his presidential running mate, Professor Naana Jane Opoku-Agyemang to the electorate in Accra on Monday night.
He said the next NDC administration shall not put up any long-term payment plans that will further worsen the living conditions of the victims of the collapsed institutions.
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“My heart goes out to the many who have been affected by this [NPP] government’s unjustifiable collapse of Ghanaian-owned financial institutions,”
“I weep for the many who have lost their jobs, the many who have lost their businesses, the many who have lost their livelihood among others
“I pledge on behalf of the NDC that we shall within one year of being in office pay all funds that have been locked up with the collapsed financial institutions. Within our first year in office, we shall pay all the beneficiaries all funds locked up in the collapsed financial institutions and its a promise. We shall not put together any long term payment plan that will further worsen the living conditions of the victims,” he noted.
He further stated that when the NDC is given the chance to steer the affairs of the nation, he will set up a financial services authority to prevent a repeat of what happened in the Akufo-Addo government.
“As has been introduced in other economies, the NDC will establish a financial services authority that will be responsible for ensuring that consumer financial markets work for consumers and providers and for the economy as a whole. This financial services authority will oversee all financial products and services that are offered to consumers and will effectively and efficiently prevent and stop the challenges that have confronted customers of Menzgold, DKM and others.”
