The CEO of the Databank Group, Mr Kojo Addae-Mensah, has said the recent negative rumours circulating on social media about an alleged run on the investment bank – an apparent situation, which, according to the write-up, has purportedly plunged the firm into a liquidity crunch – could be the work of mischief makers who are trying to get at Finance Minister Ken Ofori-Atta, a co-founder of Databank, for his perceived role in the banking sector reforms undertaken by the Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC), which led to the collapse of some banks and financial institutions.

Mr Addae-Mensah said on Monday, 18 March 2019 that Mr Ofori-Atta currently has nothing to do with Databank, although he co-founded the firm in 1990, thus, wondered why the financial institution would be used to fight a proxy war against the Finance Minister.

“Fact is fact: the Finance Minister is the one who started the company [but] let me again say he has absolutely zero to do with the firm.

“It was one of my conditions to take up the job: that I will not tolerate any interference whatsoever, and he has adhered to his part of the bargain. So, I don’t get it.

“The last time I saw him [Ofori-Atta] was at a social event, not even at Databank, he doesn’t even have time. The problems of Ghana are too many for him to even think about [Databank].

“I feel he’s left Databank to Ghanaians as a legacy, it’s not something that he’s using to do anything on a day to day basis, so, trying to get at Ken through Databank is really the wrong thing to do. If you want to get at him, get at him on his job”, Mr Addae-Mensah told Accra-based Citi FM.