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Disgruntled clients of Databank threaten to burn down company
Some disgruntled clients of Databank have threatened to attack the company for failing to honour withdrawal requests.
Chief Executive Officer of the firm, Kojo Addae-Mensah who disclosed this to JoyNews on Thursday, said the situation is serious and could get out of hand.
“It is a very serious matter. We have had people threatening that they will burn down the building and you know, you should understand that these are people’s life savings,” he said.
The company says it has not been spared the liquidity challenges that have beset the fund management industry owing to the ‘macro-economic crisis’ facing the country. It has therefore been unable to honour withdrawal requests by clients, some of who have been attacking staff verbally and physically.
The company on Wednesday evening announced it was shutting down its offices to allow staff to work remotely as a measure to protect them effective Thursday, December 22.
Management of the investment and fund management firm has since beefed up security around its premises following threats by the disgruntled clients to attack the office.
Mr. Addae-Mensah said Databank has begun conversations with regulators for some liquidity support.
“Some of the staff now were physically assaulted. In fact, I have been physically assaulted…because of all that is going on.
“We have been having conversations with our regulators, the Ministry, the Securities and Exchange Commission and the Central Bank. We need some liquidity support.
“They have heard us but unfortunately the liquidity support is yet to come. In one of the releases that the regulators came up with, there was supposed to be a financial stability plan that we were all going to tap in to support the vulnerable but it still has not materialised,” he stated.
Source: Myjoyonline.com
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Health Minister leads delegation Mimi Darko’s appointment as AMA Director General
Kwabena Mintah Akandoh, Minister for Health and Member of Parliament has led a delegation to secure the appointment of Dr Delese Mimi Darko, Chief Executive Officer of the Food and Drugs Authority, as the Director General of the African Medicines Agency (AMA) during the ongoing 2nd Ordinary Session of the Conference of State Parties in Kigali, Rwanda.
This prestigious appointment, achieved through a competitive process, marks a proud and historic moment for Ghana and the entire continent.
It highlights Dr. Darko’s exceptional leadership, professionalism, and unwavering commitment to enhancing public health and regulatory systems across Africa.
The Minister expressed his deep appreciation to President John Dramani Mahama for his strong support and leadership throughout this process.
Mr.Akandoh congratulated Dr. Mimi Darko and Team Ghana for their incredibly successful campaign.
The AMA was established by the African Union on November 5, 2021, with the primary objective of improving access to quality, safe, and effective medical products throughout the continent. Its creation aims to facilitate the regulation and oversight of essential medicines at a continental level while promoting collaboration among African countries and regions.
The Agency’s mission is to provide leadership in creating an enabling regulatory environment for the pharmaceutical sector in Africa, ensuring that the African population has access to essential medical products and technologies.
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Police arrest five suspects involved in robbery cases in Ashanti Region
The Police Intelligence Directorate (PID) in the Ashanti Region has informed the public about a recent breakthrough in the fight against armed robbery in the Denchemuoso District.
Following a series of robbery incidents in the area, on April 22, 2025, PID/Ashanti operatives, acting on credible intelligence, apprehended one Michael Owusu Ansah, alias Baby Last, aged 32.
The suspect had been on the police wanted list since 2016 in connection with a robbery and the murder of Police Officer G/Cpl Frank Essel of SWAT/Ashanti, which occurred at the Open Space Hotel in Denchemuoso on May 19, 2016.
During interrogation, the suspect confessed to engaging in multiple street and residential robberies in Denchemuoso, Atwima-Techiman, Asuoyeboah, and surrounding areas.
He also disclosed that his gang operated with knives, pistols, and pump-action guns.
Further investigations led to the identification and arrest of his accomplices, namely:Emmanuel Owusu, alias Cassidy, Maxwell Gyimah, alias Nana Kwame, Sudais Oxford Ntiamoah, alias The Man Sudais and Rhano Okyere, alias Demon
These individuals were arrested from their hideouts within Atwima-Techiman and Denchemuoso.
However, one suspect, remains at large and efforts are underway to apprehend him and recover the weapons used in the robberies.
All five arrested suspects were arraigned before the Atasomanso Circuit Court on May 13, 2025.
They were remanded into police custody and are scheduled to reappear on June 4, 2025.
