Mohammed Amin Adam is a former Finance Minister and Karaga MP
Former Finance Minister and Karaga MP, Mohammed Amin Adam, has cautioned against attempts to politicise the recent Court of Appeal ruling ordering the restoration of the licence of GN Savings and Loans.
In a Facebook post shared on Friday, May 23, 2026, Dr Amin Adam argued that the ruling goes beyond a simple legal dispute and carries broader implications for Ghana’s financial sector, regulatory credibility, and post-IMF economic recovery.
According to him, the development must be examined within the context of campaign promises made by President John Dramani Mahama to restore licences of financial institutions he believed were wrongly collapsed.
Read Nduom’s message to President Mahama after GN Bank licence restoration
The former Finance Minister stated that the 2017–2019 banking sector clean-up, though difficult, was intended to address governance failures, weak capital positions, liquidity challenges, and prudential breaches within the financial system.
He referenced previous assessments by the International Monetary Fund and PwC which described the reforms as necessary to restore stability and confidence in the banking sector.
“The real question is whether the restoration of a revoked licence, especially in a politically charged environment, could weaken the credibility of Ghana’s bank resolution framework,” he stated.
Dr Amin Adam further warned that reversing regulatory decisions years after licences were revoked could create uncertainty about the finality of supervisory actions and encourage perceptions that financial sanctions are subject to political negotiation.
He added that if the restoration of GN Savings’ licence is viewed as the fulfilment of a political promise rather than an independent regulatory process, it could negatively affect investor confidence in Ghana’s financial governance system.
VPO/EB
