Angry Customers Threaten To Burn Ken Ofori Atta's Databank

Databank branches owned by Finance Minister Ken Ofori Atta have all been shut down after receiving threats to burn down the business from upset customers who had been denied withdrawals.

When Databank's customers tried to withdraw their deposits, they were told that there was no money in the bank to pay them. Kojo Addae-Mensah, the chief executive officer of Databank, said in a statement to the media, "It is a very severe situation. People have threatened to burn down the building, and you should be aware that these are some people's life savings.

On some occasions, workers of Databank were beaten up by customers who didn' t get the money that were expecting. As a result, all branches nationwide have been closed down and staff of Databank will work remotely from the house until the monetary issue is solved. " Some of the staff now were physically assaulted. In fact, I have been physically assaulted…because of all that is going on.

Mr Addae clarified that it is not as if management has stolen money belonging to their customers but the bank has been affected by debt restructuring measures put in place by His Excellency Nana Akufo Addo to solve the pending economic challenges.

He assured that management of Databank are speaking with the Finance Ministry and Bank of Ghana who have promised to provide them liquidity to pay customers.

At the moment money is not in but customers will be paid as soon as the situation is solved.

" 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. The support to the vulnerable but it still has not materialised, "