Databank’s sterling 30-year track-record unveilled

Market watcher
Kojo Addae-Mensah

Ghana’s premier investment bank Databank’s unmatched sterling track-record in deep capital market knowledge and its extensive experience over the last 30 years has made it the investment bank of choice in Ghana and the West African sub-region.

Every govt of the 4th Republic has worked with Databank
As a testament of this achievement, every government of the Fourth Republic has found it to be worth engaging its expertise.

Databank withdraws from Agyapa deal
Chief Executive Officer (CEO) of Databank, Mr. Kojo Addae-Mensah, unveiled the proven track-record in a letter announcing Databank’s withdrawal from the Agyapa Gold Royalties trading deal.

Incalculable deep capital market knowledge and extensive experience
He stated that the sterling track-record in deep capital market knowledge and extensive experience over the last 30 years is incalculable, in both the domestic and international financial markets.

Premier investment banking and brokerage firm in Ghana and the sub-region
He said: “As the premier investment banking and brokerage firm in Ghana and the sub-region, we at Databank are proud of what we have achieved over the last 30 years”.

Worked with NDC govt in 1994 to rescue AngloGold Ashanti
In 1994, under the first National Democratic Congress (NDC) government of the Fourth Republic, Databank was invited to advise government during the liquidity crisis that threatened to cripple the Ashanti Goldfields Company (now AngloGold Ashanti).

Databank was co-manager of Ghana’s first-ever Eurobond in 2007

Again, in 2007 under the New Patriotic Party (NPP) government of President John Agyekum Kufuor, Databank was co-manager and dealer for the first Eurobond ever issued by Ghana – amounting to US$750million.

Databank helped to issue US$1bn Eurobond in 2014
Under NDC’s President John Dramani Mahama, the Ministry of Finance engaged the services of Databank for the successful US$1bn Eurobond issue of 2014.

Since 2017, an integral part of 3 Eurobonds
Under NPP’s President Nana Akufo-Addo, Databank was an integral part of the team – alongside Standard Chartered, Fidelity, IC Securities, Bank of America, Merrill Lynch, JP Morgan, Standard and others – that raised US$2bn in Eurobonds for 2018, US$3bn for 2019 and another US$3bn in 2020, amids a pandemic, at some of the lowest interest rates and the longest tenors ever for an African sovereign and for a B-rated sovereign globally.

7-time winner of the Best Securities Brokerage Company award
Seven-time winner of the Best Securities Brokerage Company in Ghana award, Databank has been actively involved in virtually every initial public offering of both state and private sector enterprises throughout Ghana’s capital markets history.

Databank computed indices for Ghana Stock Exchange in 1990
When the Ghana Stock Exchange (GSE) started operations in 1990, Databank was on hand to compute the first indices – the Databank Stock Index (DSI) and the Databank Stock Average (DSA) – used in measuring performance of the stock market.

Mr Addae-Mensah noted that it was not until 1994 that the GSE came out with its own index – the GSE All-Share index.

He explained that the first real transaction of the GSE was in 1992, which was the Initial Public Offer (IPO) and listing of Super Paper Products Company.

By then, he said, Databank had already earned the prestigious reputation of providing cutting-edge quality and service in equities, industry and economic research.

Databank was advisor and arranger for first merger on GSE
According to him, Databank was the advisor and arranger for the first corporate merger on the Ghana Stock Exchange between UAC Ghana and Lever Brothers to form Unilever Ghana in 1992.

Databank structured landmark transaction in 1994
The CEO of Databank stated that in 1994, the bank structured and executed a landmark transaction on the GSE by packaging and brokering the US$25 million sale of all of Government of Ghana’s shares in seven listed multinationals to a consortium of emerging market and offshore institutional investors, including Morgan Stanley, Salomon Brothers, Blakeney, George Soro’s Quantum Emerging Markets Fund and a number of others.

“This ground-breaking transaction significantly increased the market capitalisation of the GSE by over 60% at a go, thereby boosting liquidity and trading activity.

“It also introduced gilt-edged emerging market funds and asset management firms to the Ghana stock market and to Ghanaian securities,” he added.

Mr Addae-Mensah said Databank has spearheaded and executed several brokerage and investment banking transactions, ranging from bond and other securities offerings to advisory mandates.

“Suffice to say that Databank has been the pioneer of the securities and brokerage business in Ghana for the last 30 years,” he stated.

He announced that the company grew from a $25,000 capitalised start-up in 1990 with humble beginnings in a one-room office in Kantamanto to now managing over $1 billion for some 500,000 Ghanaians across 19 locations and through its digital platforms.

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