Yamoah Ponkoh predicts Databank’s collapse in 2021

Yamoah Ponkoh predicts Databank’s collapse in 2021

- An NDC member, Yamoah Ponkoh, has stated that the NDC will collapse Databank Financial Services in 2021

- He added that it is because Finance Minister Ken Ofori Atta oversaw the collapse of Dr. Kwabena Duffuor's uniBank

- Ken Ofori Atta is one of the co-founders of Databank Financial Services

The Former Municipal Chief Executive (MCE) for Ejisu Juaben Municipality, Afrifa Yamoah Ponkoh, has served notice that the National Democratic Congress (NDC), will deliberately collapse Databank Financial Services, when it comes to power in 2021.

The current Finance Minister, Ken Ofori Atta is one of the co-founders of the investment company.

Ponkoh has accused the NPP government of deliberately collapsing uniBank, owned by former Finance Minister Dr. Kwabena Duffour, all because he is a member of the opposition NDC party.

A man wearing spectacles

Yamoah Afrifa Ponkoh

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The Bank of Ghana (BoG) on August 1, 2018, announced that it had merged Unibank and four other banks under a new name Consolidated Bank of Ghana (CBG), with government committing GHC 450 million to support it.

According to the governor of the Central Bank, Ernest Addison, the merger was crucial because the five banks including Unibank were in critical financial distress and that it will “help ensure that the banking sector maintains a strong indigenous presence.”

Speaking to host Kwame Adinkra on Kumasi based Abusua FM’s morning show, Ponkoh slammed Ken Ofori Atta and the NPP government for dealing with Dr. Kwabena Duffour as an enemy as far as the collapse of Unibank is concerned.

He indicated that Ofori Atta will have a taste of his own bitter medicine given to Dr. Kwame Duffuor when the NDC returns to power in 2021, where Databank Financial Services will go down.”

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