Home Business Databank Group does not hold Bond Market Specialist status—Ministry of Finance

Databank Group does not hold Bond Market Specialist status—Ministry of Finance

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The Ministry of Finance has dismissed claims that Databank Group has been re-affirmed as a bond market specialist for the Government of Ghana.

In a joint disclaimer with the Bank of Ghana, the ministry described the reports as false and misleading, urging the public to disregard them.

The Ministry clarified that Databank does not hold Bond Market Specialist status and is not part of the officially recognized institutions operating within Ghana’s bond market framework.

According to the statement, the only valid reference remains the official list of primary dealers and bond market specialists published on February 10, 2026, under Notice Number BOG/FMD/2026/08.

The ministry emphasized that investors and market participants must rely strictly on official communication from the Ministry of Finance and the Bank of Ghana to avoid misinformation.

Only six institutions—ABSA Ghana Limited, Stanbic Bank, CalBank PLC, GCB Bank, One Africa Securities Limited, and Fincap Securities—are currently authorized as Bond Market Specialists.

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