Databank Research

Databank Shuts Offices, Staff To Work Remotely Due To Attacks And Threats
22 Dec

Databank Shuts Offices, Staff To Work Remotely Due To Attacks And Threats

wontumionlineBusiness, , ,
Investment and fund management firm Databank has announced the closure of its offices effective Thursday, December 22, and to work remotely following attacks and threats on its staff. A statement issued Wednesday by the company said it has not been spared the liquidity challenges that have beset the fund management industry owing to the ‘macro-economic crisis’ facing the country. The situation has negatively impacted its ability to honour withdrawal requests as expected, however, while some clients have cooperated with the company, “there are several clients who have felt the need to abuse our staff physically and verbally, and also threaten…
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Government To Face Difficult Refinancing Options In Repaying Maturing T-Bills – Report
27 Sep

Government To Face Difficult Refinancing Options In Repaying Maturing T-Bills – Report

wontumionlineBusiness, , ,
The government may face complicated refinancing options in repaying Treasury bills that will mature on October 2022 According to the Weekly Fixed Income Update by Databank Research, a refinancing offer on October 3, 2022, may not get much traction due to the expected domestic debt restructuring. It, therefore, pointed out that the government will likely supplement any refinancing offer with the Bank of Ghana support to get more favourable refinancing options. “Last week, Fitch Ratings downgraded Ghana’s Issuer Default Rating from ‘CCC’ to ‘CC’. They cited possible debt restructuring, high debt service, and constrained financing as reasons for the recent…
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