Dear President-Elect John Dramani Mahama,
Congratulations on your victory in the 2024 general elections! This achievement is not only a testament to your leadership but also a clear endorsement of the vision you and the National Democratic Congress (NDC) have for Ghana’s future.
Among the many promises that resonated with Ghanaians during your campaign, the commitment to introduce Islamic Finance stands out as a transformative initiative that could significantly enhance the economic landscape of our nation.
As you prepare to assume office, I humbly urge you to prioritize the implementation of Islamic Finance as a core measure in your plan to revitalize Ghana’s economy. This innovative financial system has the potential to address some of the most pressing challenges we face, including high interest rates, limited access to credit, and the need for more ethical and sustainable investment practices.
Why Islamic Finance is Vital for Ghana
Islamic Finance offers a model that is both inclusive and equitable. By prohibiting interest and speculative activities, and promoting profit-sharing and asset-backed financing, it provides a fairer alternative to traditional financial systems. This approach can empower small and medium-sized enterprises (SMEs), foster financial inclusion, and create opportunities for millions of Ghanaians who have been excluded from the formal banking system.
Moreover, Islamic Finance aligns seamlessly with Ghana’s aspirations for sustainable development. Its emphasis on ethical investments can drive growth in sectors such as agriculture, renewable energy, and infrastructure, ensuring that economic progress benefits all citizens while preserving the environment.
My Commitment to Supporting This Vision
As the founder and manager of Islamic Finance TV Ghana, and the Ghana representative of Alhuda Center for Islamic Banking and Economics, I am deeply invested in promoting awareness and understanding of Islamic Finance in Ghana. I am fully committed to supporting your government in this invaluable project. Through our platform, we are prepared to educate the public, facilitate stakeholder engagement, and highlight the immense benefits that Islamic Finance can bring to Ghana.
A Call to Action
Mr. President-Elect, the mandate you have received from Ghanaians is a call for bold and decisive action. The introduction of Islamic Finance is not just a financial reform; it is a step toward building a more inclusive, ethical, and resilient economy. It represents a new beginning for Ghana—a chance to lead the continent in adopting innovative solutions to modern economic challenges.
As you form your government and outline your priorities, I urge you to make Islamic Finance a centrepiece of your agenda. The support of the people, stakeholders, and organizations like Islamic Finance TV Ghana is assured. Together, we can make this vision a reality and set Ghana on a path to enduring prosperity.
May your presidency be marked by wisdom, courage, and transformative achievements.
Yours sincerely,
Mustapha I. Yahaya
Founder & Manager
Islamic Finance TV Ghana
