The Ministry of Finance has firmly denied reports suggesting that Databank Group has been re-affirmed or officially recognised as a Bond Market Specialist (BMS) for the Government of Ghana, describing such claims as “false and misleading.”
In a disclaimer issued in collaboration with the Bank of Ghana, the Ministry cautioned the public against relying on circulating information that attributes BMS status to Databank. According to the statement, no such endorsement has been granted, and any reports indicating otherwise should be disregarded.
To set the record straight, the Ministry pointed to an official notice published on February 10, 2026, under Notice No. BOG/FMD/2026/08, as the only authoritative source on institutions permitted to operate within Ghana’s bond market framework. The Ministry emphasized that this list remains valid and has not been altered.
Per the official notice, only six institutions have been duly authorised as Bond Market Specialists. These are ABSA Ghana Limited, Stanbic Bank, CalBank PLC, GCB Bank, One Africa Securities Ltd, and Fincap Securities.
The Ministry further explained that these six firms were selected from a wider group of 15 Primary Dealers, which includes other notable financial institutions such as Ecobank Ghana, Fidelity Bank, and Societe Generale.
Reiterating its commitment to transparency and market integrity, the Ministry urged investors, market participants, and the general public to rely solely on official communications from both the Ministry of Finance and the Bank of Ghana. This, it noted, is essential in preventing the spread of misinformation and maintaining confidence in the country’s financial markets.
