Audio By Carbonatix
Government’s Spokesperson on Governance and Security, Palgrave Boakye-Danquah, says singling out Databank as a transaction advisor in almost all Ghana's loan transactions is an attack on the finance minister, Ken Ofori Attah, and the current government.
According to him, DataBank is not the only bank to have acted as an advisor for a ruling government and is not deserving of the backlash on social media.
Speaking in an interview on Joy FM, Mr. Boakye-Danquah, explained that from 2014 through to 2015 when former president John Dramani Mahama was in government, Databank together with some other banks like ADB, Stock Brokers, and SAS investment were bond advisors.
He said all transactions made at the former company of the Finance Minister are made public therefore nothing is hidden under the ocean.
“Ken Ofori Attah no longer works with DataBank and all transactions that has been involved which they have been transaction advisors have been made public, parliament has been aware even with all record and so the continual influence from some media practitioners to want to make the government unpopular I think that we need to set the record straight.
"The Minister Ken Ofori Attah is not working with DataBank, it is an already established institution in this country, credible enough to be able to be transaction advisors for the government,” he stated.
He further added that there are lots of transaction advisers from 2018 to date.
Therefore, singling out DataBank is unfair to the Minister.
This follows utterances from ace Ghanaian broadcaster Kwesi Kyei Darkwah popularly known as KKD taking on the finance minister Ken Ofori-Atta for the role of Databank’s involvement in almost the country’s loan transactions.
The bank has become a principal transaction advisor in Ghana’s international loans raking in millions in fees.
The broadcaster expressed surprise that government will constantly employ the services of the bank co-founded by Ken Ofori-Atta despite the conflict-of-interest concerns. KKD suggested that it could be the reason the country keeps borrowing.
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