Tag: Databank Group
-
Databank’s liquidity challenges being resolved – Kojo Addae-Mensah
Chief Executive Officer (CEO) of Databank, Kojo Addae-Mensah has disclosed that the fund management company is almost through with resolving its liquidity challenges. The firm had told its cherished clients that it is reeling under the impact of difficulties that have rocked the fund management industry owing to the macroeconomic crisis bedevilling the country. It…
-
Databank holds its first virtual Annual General Meeting for its mutual funds
Databank Group, Ghana’s leading investment bank, held the 2019 Annual General Meetings for its mutual funds via Zoom on Tuesday July 14 and Wednesday July 15, 2020. The meetings on Tuesday July 14, and Wednesday July15 2020, which were organised for the first time virtually in adherence to government’s restrictions on large public gatherings, proved…
-
Databank CEO urges gov’t to prevent further rise in expenditure
Group Chief Executive Officer at Databank Kojo Addae-Mensah has urged government to take steps to control or better yet reduce the country’s total expenditure going forward. When the GH¢6.37 billion additional money the Finance Minister has requested from Parliament is approved, it will mean that government will now spend GH¢85.1 billion in the 2019 Fiscal year. Commenting on…
-
Stock market’s bearish performance may not rebound soon – Databank CEO
The stock market’s bearish performance may not witness any significant turnaround for the remainder of this year considering the seeming low investor confidence in the financial sector. That is the comment from the Group CEO of Databank, Kojo Addae-Mensah. The Ghana Stock Exchange witnessed a negative 0.29 percent growth last year. This is an unfavourable…