Databank not re-endorsed for government bonds - BoG, Finance Ministry clarify

The Bank of Ghana and the Ministry of Finance have cautioned the public against circulating claims suggesting that Databank Group has been reaffirmed or endorsed as a Bond Market Specialist for the Government of Ghana.

According to the two institutions, the reports currently circulating are false and misleading, and could create confusion among investors and participants in the financial market.

In a clarification, the authorities explained that official information regarding firms authorised to operate in the government bond market had already been provided earlier this year. They stressed that the public should rely only on verified notices issued by the relevant regulators.

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"For the avoidance of doubt, the Bank of Ghana, in collaboration with the Ministry of Finance, issued an official notice (Notice No. BOG/FMD/2026/08) on February 10, 2026," the Ministry of Finance said on April 9, 2026.

The notice outlined the revised and authoritative list of Primary Dealers and Bond Market Specialists approved to operate within Ghana’s domestic bond market.

The institutions urged investors, financial institutions, and the general public to exercise caution and verify any such claims through official sources before acting on information that could influence investment decisions.

They also warned that the spread of unverified information could undermine confidence in the local bond market and disrupt the smooth functioning of the financial system.

Both the Bank of Ghana and the Ministry of Finance reaffirmed their commitment to transparency and the timely dissemination of accurate information to safeguard the integrity of Ghana’s capital markets.

DISCLAIMER

FALSE AND MISLEADING CLAIM ON BOND MARKET SPECIALIST STATUS

The attention of the Ministry of Finance and the Bank of Ghana has been drawn to circulating claims suggesting that Databank has been re-affirmed or endorsed as a Bond Market Specialist for the Government of… pic.twitter.com/lR8zgxBZO0

— Raymond Acquah (@mondrayac) April 9, 2026