Databank Financial services, has denied reports that it is now dealing in gold collectibles.

The investment firm says the claims are untrue and that the company is not licensed to engage in such a business.

In a statement copied to and signed by the company’s Chief Marketing Officer, Gillian Hammah, Databank said the company has never dealt in gold collectibles and does not intend to engage in such operations.

“It has come to our attention that pronouncements have been recently made in the press claiming that Databank is dealing in gold collectibles.

We would like to assure our customers and the Ghanaian public that this claim is FALSE. We are not licensed to deal in gold collectibles, have never done so, and do not intend to deal in gold collectibles.”

Over the weekend, rumors were rife on social media that Databank plans to begin gold collectible operations similar to what the now defunct Menzgold  did.

“Databank is a professional investment bank that is licensed by the Securities and Exchange Commission Ghana (SEC) to sell shares, treasury bills and bonds, as well as manage mutual funds, pension and institutional funds.”

“We remain committed to our core mandate of managing the funds of our investors in prudent ways that are sustainable over the long term, as well as providing ­financial education to all Ghanaians.

But the company insists it will continue with its routine operations of selling shares, treasury bills and bond, managing mutual funds, pensions and institutional funds.

In the statement, Databank assured its clients of professional and sustainable financial services, adding that the company will not compromise their commitment to customers.

The Investment bank also disclosed it is working towards providing financial education to all Ghanaians.

We want to assure all clients and the general public that we have not and will not engage in any practices that compromise our commitment.”

About Databank

Founded in April 1990, Databank seeks to empower its customers to achieve ­financial independence by providing fi­nancial education and offering a diverse range of investment products.

Investors can access ­fixed-income investments (including treasury bills), trade shares listed on the Ghana Stock Exchange and enjoy corporate ­governance advisory services through our brokerage wing.

Through our asset management wing, investors can access mutual funds such as Epack, MFund, BFund, ArkFund and EdIFund, institutional fund management for corporate, benefit­t and endowment funds, pension fund management and private wealth management services.

Databank also has it’s headquarters in Accra and other branches in Ho, Koforidua, Kumasi, Takoradi, Tamale, Tema and Sunyani.



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