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Databank pull out from controversial Agyapa deal as transaction advisor Listen to article Investment and brokerage firm, Databank has pulled out and withdrawn its services as a financial advisor in the Agyapa royalties deal. The firm together with Imara Holding Limited jointly served as transaction advisors for the monetization of Ghana s gold royalties through the dual listing of the Agyapa Gold Royalties Company on the Ghana and London Stock Exchanges. Databank made the announcement in a letter addressed to Imara Holdings on February 10, 2021, and sighted by citinewsroom.com. In the letter, the company explained that it took the decision following attacks on its reputation by political actors due to the Minister of Finance, Ken Ofori-Atta s association with Databank, a company he co-founded. ....
Brokerage and financial advisory firm, Databank Group, has withdrawn as transactional advisor from the Gold Royalties Monetisation Transaction arrangement, popularly referred to as the Agyapa deal. This was made known in a letter signed by the Chief Executive Officer (CEO) of Databank, Mr Kojo Addae-Mensah. The letter, dated December 10, 2020, was addressed to Tom Gaffney, a Director of Imara Tara Holdings, one of the foreign firms acting as transactional advisors for the deal. Databank was a local partner with Imara Tara Holdings. Hard-won reputation In the letter, Databank said although it engaged in the Agyapa deal with a sense of patriotism, it decided to withdraw due to what it described as an attempt by some political actors to tarnish its reputation. ....
+ The Group Chief Executive Officer (CEO) of Databank Group, Kojo Addae-Mensah who is well known in the Ghanaian media fraternity for his role as a football pundit, has indicated that his numerous media appearances have always been for free. Kojo Addae-Mensah started working as a resource person in the media space way back in 2000 and still does so regardless of his super busy schedule as CEO. Sharing his journey into the Ghanaian media space in an interview with Rev Erskine on Y 107.9 FM’s ‘Myd Morning Radio Show’, he said, “Some people think I am a Sports Journalist by training, but that is not true”. ....