Is data bank regulated by Bank of Ghana?

Databank, which was founded in 1990, is Ghana’s premier and largest independent investment firm. We are regulated by the Securities and Exchange Commission (SEC) and governed by the Securities Industry Act, 2016 (Act 929) and its regulations thereof.

Is Data Bank a commercial bank?

We wish to inform the general public and our esteemed customers that Databank is not a commercial bank and is therefore not part of the ongoing sanitization exercise taking place within the banking industry. Databank, which was founded in 1990, is Ghana’s premier and largest independent investment firm.

Is Databank an investment bank?

Databank MFund, Ghana’s first money market fund, was launched in 2004. MFund is a low-risk mutual fund that operates as an investment alternative to a savings account to help you meet your short-term financial needs.

Who regulates the banks in Ghana?

The Bank of Ghana has an overall supervisory and regulatory authority in all matters relating to banking and non-banking financial business.

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Who is the owner of databank?

Ofori-Atta co-Founded Databank Financial Services with Daniel Ofori-Atta, Keli Gadzekpo and Togbe Afede XIV in 1990; he served as its Executive Chairman until February 14, 2012 when he went on retirement. He also worked at investment banks Salomon Brothers and Morgan Stanley on debt and equity management.

What is the safest bank in Ghana?

Global Finance has named GCB Bank Limited as the Safest Bank in Ghana. Of the 33 banks in Ghana only GCB is mentioned in the release which also identified safest commercial and emerging markets among others.

Which bank in Ghana has the lowest interest rate?

GCB Base Rate Is The Lowest – GCB Bank Limited.

Which bank in Ghana is good for investment?

Standard Chartered Bank Ghana stands out as a great bank with the best investment account providing clients with attractive interest rates. However, other investment banks in Ghana like Ecobank, Access Bank, Fidelity Bank and others give an excellent investment platform and provide beneficial investment accounts.

How can I double my money in a year?

You can double your money in 2021 by increasing the amount of money you invest, planning a long-term investment strategy, or seeking out investments that generate higher returns (retirement plans, stock options, and oversold stocks).

How do I withdraw money from databank?

Dial *6100# – you will need your pin to complete the transaction; you will be required to register and get your pin before you can complete the withdrawal (this will be live from Monday, March 30, 2020) Regardless of the payment option you select using this platform, the withdrawal amount is limited to GHC 1,000 per …

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What is the new banking act in Ghana?

Act 930 of the Banks and Specialised Deposit-Taking Institutions Act 2016 is the primary statute governing banking industry in Ghana. … The new banking law has consolidated the laws relating to deposit taking and regulates institutions that carry on deposit-taking business.

How do I start a bank in Ghana?

Requirements for Opening a Personal Bank Account in Ghana

  1. A valid form of identification such as a passport.
  2. Proof of residence.
  3. Tax Identification Number.
  4. Passport Pictures.
  5. Work and residence permit.
  6. A letter of introduction from your banking institution in your home country.


Is Bank of Ghana an independent body?

The Ghana Commercial Bank was established in 1953 as the first indigenous bank to reduce the control of the banking sector by the two expatriate banks. Immediately after independence in 1957, the Bank of Ghana was established to take control over the management of the country’s currency.

Who is the CEO of Databank Ghana?

Kojo Addae-Mensah is the CEO of the Databank Group. He is an accomplished banker with over two decades of banking experience.

Who is the father of Ken Ofori Atta?

Jones Ofori Atta

How many databank locations are in Accra?

Databank currently has 19 locations across the country. The main branches are in Accra (Head Office), Ho, Koforidua, Kumasi, Takoradi, Tamale, Tema and Sunyani.

Across the Sahara