Databank to target more customers as it marks 25th anniversary

Top financial services provider and a brokerage firm Databank, is set to employ advanced technology to bring banking closer to Ghanaians in 2015.

The financial institution as part of its 25th anniversary, in providing financial independence to their numerous customers, is rolling out strategies to attract more people to save.

Speaking to Ultimate FM’s Patricia Bonsu, Chief Executive Officer of Databank, Kojo Addae Mensah mentioned that his outfit will make it possible for all class of earners to have an account for the future.

Research indicates that as at year 2013 about 33.9 percent of the Ghanaian adult population were banked and this indicated a lower savings culture.

Databank has been influential in the development of the capital markets in Ghana, acting as advisor, placement agent and broker to private clients, government and corporations alike since it was established in April 1990.

The company, which stands out with its packages like the Epack, Bfund, MFund, ArkFund among others have successfully expanded its operations and presence in the Ghanaian market with four branches and in the sub –region.

Kojo Addae Mensah also advised people to channel their monies into investments to reap more benefits.

Investment packages include fixed deposits, certificate of deposits, foreign accounts and treasury bills among others. Reports indicate that the Ghanaian investment community has been developing every day and also worth knowing that, the money market is getting rewarding.

The money market trading involves trading of low-risk securities which are usually short term unlike the capital market and in a developing country like Ghana, where Treasury bill rates are above 12% other low-risk rate securities are becoming good investments.

The Databank boss however dispelled the notion held by some persons that Databank is only for the elitists in society, adding that their doors are open for everybody no matter the profession or class.