Databank denies dealing in gold collectibles

Databank denies dealing in gold collectibles

In a statement, the investment bank said it has never dealt in gold collectibles and does not intend to do so.

“It has come to our attention that pronouncements have been recently made in the press claiming that Databank is dealing in gold collectibles.

“We would like to assure our customers and the Ghanaian public that this claim is FALSE. We are not licensed to deal in gold collectibles, have never done so, and do not intend to deal in gold collectibles,” sections of the statement said.

The statement, which was signed by Databank’s Chief Marketing Officer, Gillian Hammah, added that the firm remains focused on its investment operations.

These include selling shares, treasury bills and bonds, as well as managing mutual funds, pensions and institutional funds.

“Databank is a professional investment bank that is licensed by the Securities and Exchange Commission, Ghana (SEC) to sell shares, treasury bills and bonds, as well as manage mutual funds, pension and institutional funds.

“We remain committed to our core mandate of managing the funds of our investors in prudent ways that are sustainable over the long term, as well as providing ¬financial education to all Ghanaians.”

This comes after reports emerged on social media that Databank has started dealing in gold collectibles following the collapse of Menzgold.

However, the investment bank insists it is committed to serving the general public without engaging in any compromising practices.

“We want to assure all clients and the general public that we have not and will not engage in any practices that compromise our commitment,” the statement added. 

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