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Business News of Thursday, 27 August 2015

Source: starrfmonline.com

I wasn’t a brilliant student in school – Databank CEO

Kojo Addae-Mensah Kojo Addae-Mensah

The Group Chief Executive Officer of Databank Ghana, Kojo Addae-Mensah, has revealed that he wasn’t a brilliant student in school.

The former Chief Operating Officer of Ghana Commercial Bank Limited told host of Starr Chat Bola Ray on Starr 103.5FM Wednesday that he barely made it to the university because he devoted most of his time to playing football.

“I wasn’t a brilliant student, I just barely passed and ‘A’ levels too I barely passed into the university. I am telling you for a fact, I never got a prize for my education,” Mr. Addae-Mensah said.

According to him, his father, Ivan Addae-Mensah former Vice Chancellor of the University of Ghana did all he could to ensure that he passed his exams.

“He was [angry], especially at ‘O’ Levels he was…honestly I am not kidding here, people got worried and all that he wasn’t getting a prize and all that but everybody has his time.

“But I will warn that the world is getting competitive and so today if you get my grades you won’t get into the university,” the Data Bank CEO admonished the youth hoping to make it in life.

About Databank

Headquartered in Ghana and with a presence in Liberia and The Gambia, Databank was one of the first investment banks to emerge from West Africa, and is now Ghana’s leading asset management firm. Databank was co-founded in 1990 by Ken Ofori-Atta and Keli Gadzekpo and provides corporate finance advisory, stock brokerage, fund management, private equity and research services to a global client base.

The Databank Foundation, which is the Corporate Social Responsibility arm of Databank focuses on Mental Health, Leadership and Education.

Over the past 25 years, Databank has been instrumental in the development of the Ghanaian capital market and has built a strong reputation for its pioneering work, including the creation of Ghana’s first stock market indices – the Databank Stock Index and the Databank Stock Average.

Databank was the first to introduce foreign investors to the Ghanaian stock market; the first to successfully arrange a merger on the Ghana Stock Exchange; and the first to launch a mutual fund in Ghana.

Databank is the market leader in Ghana’s collective investment schemes industry (which comprises mutual funds and unit trusts), with about 58% market share.

Databank manages the Databank EPACK Investment Fund (EPACK), the most successful pan-African equity mutual fund, which has averaged 40% annually