Support for Mahama comes from some bank owners who lost their money.

 Former President John Dramani Mahama is running for flagbearer of the National Democratic Congress (NDC) in the 2024 general elections, and the Defunct Banks and Other Financial Institutions Network (DEBOFIN) has backed him.

They believe that a management of the banking sector clean-up under John Dramani Mahama's leadership would have been better carried out to save lives and jobs, secure people's investments and businesses, and increase business confidence if Ghanaians had renewed his mandate in 2016.

Mr. Mahama launched his campaign to lead the NDC on March 2 in Ho, Volta Region.

He stated that the NDC's top priority when attempting to form a new government in 2025 is to restore economic stability and inclusive growth.

“We will strictly enforce prudential and responsible public finance management by eliminating waste and ostentation, which have become commonplace under this administration. We will construct the Ghana we want together. We'll start sweeping changes at the Bank of Ghana and restore faith in our nearly bankrupt financial system.

"We will actively pursue policies to ensure robust local participation in our mining, agriculture, agribusiness, banking, financial, and telecommunications sectors." This will be based on our plan to expand the economy and provide youth with long-term employment, Mr. Mahama stated.

"The entire membership of DEBOFIN welcome with great joy and relief, the decision of the former president John Dramani Mahama to contest for the flag bearership of the National Democratic Congress and eventually the 2024 presidential elections," said Executive Secretary for DEBOFIN Thomas Ayisi Kumah in a statement responding to his campaign launch. From the regulation of the microfinance sector in 2012 to the challenges in the banking sector, beginning with the passage of the Depositors' Protection ACT in 2016, we acknowledge his extensive leadership, experience, and in-depth knowledge. The goal of "Building the Ghana We Want" is to establish strong institutions, such as indigenous Ghanaian banks and non-banks, in order to assist the private sector in expanding.

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