Mr. Nana Ofori Owusu, National Chairman of the Progressive People’s Party (PPP), has disclosed that he has taken the ‘Ken Must Go’ campaign a notch higher by writing to Hon Kenneth Ofori Atta, the Finance Minister, to resign from his position on moral grounds.

Speaking in an interview, Mr. Owusu stated that Hon Ofori Atta must step down because his administration is saddled with too many conflicts of interest situations. He emphasized that ideally, this should not be happening to the minister and the ministry as a whole.

According to him, Databank has acted as the transaction advisor for all the borrowings under the watch of the finance minister.

“This is why I wrote to him to resign on moral grounds if the President is dragging his feet in having him sacked. How can you be borrowing for your private company by the name Databank to be benefitting at the expense of the vast majority of Ghanaians?”
Nana Owusu

The PPP National Chairman further alleged that, all government insurance policies and programmes have been taken away from state-owned insurer, State Insurance Company Limited (SIC) and given to Enterprise Insurance, owned by the finance minister. “These, among others, such as the mismanagement of the economy, are the reasons I am calling on him to resign on moral grounds,” he said.

Data Bank Shuts Its Offices Nationwide

Meanwhile, Investment and Fund Management firm, Databank has announced that effective today December 22, its offices will be shut down with staff allowed to work remotely due to increased abuse and attacks. According to the financial institution, due to its inability to meet withdrawal demands, some clients have resorted to verbal abuse, threats and physical attacks on its staff hence the need for staff to start working remotely.

In a press statement, the company disclosed that it has been hit hard by the current macroeconomic challenges and the recently announced debt exchange programme, making it difficult for the company to have access to liquidity to meet the demands of customers.

“We are hopeful that once the Debt Exchange Programme has been concluded (expected settlement date: January 5, 2023), we will be able to access the necessary funds to once again pay withdrawal requests. We are totally reliant on the Government of Ghana to pay us, so we can in turn pay clients.”
Data Bank

According to the bank, Many of its clients have tried to be patient with as the company waits for the Government to provide liquidity.

”For this, we are extremely grateful. However, there are several clients who have felt the need to abuse our staff physically and verbally, and also threaten their lives as well as their families. As such, we have no choice but to move to a work-from-home option.

“While our offices will be physically closed, we will continue to serve you and process transactions remotely, and all our digital channels will remain open just as we did during Covid. However, we cannot endanger the lives of staff by opening the office without any available liquidity. We are fully aware the current crisis in our industry is very concerning, and we continue to ask for your patience during these difficult times. We are very hopeful the Financial Stability Fund or any other Fund that the Government may provide in the interim will provide much-needed relief for you and other investors.”
Data bank