Finance Minister nominee, Ken Ofori-Atta has said, Databank, a financial institution he co-founded has supported various Governments including the National Democratic Congress (NDC) in financial transactions.
He said in the 1990s for instance, soon after Databank was launched, the bank helped Government in securing 25 million dollars to help privatize some eight state companies.
His comment was in response to a question posed by First Deputy Speaker and Chairman of the Appointments Committee in Parliament, Joseph Osei-Owusu during his vetting.
The Finance Minister nominee also disclosed that all Eurobonds that Databank has participated in went through competitive bidding.
“I think we (Databank) have subjected ourselves as far as I’ve known to whatever process that has gone on including these past three years.
As far I know, since 2007, all of the transactions have gone through the Ministry’s competitive bidding [but] I suspect that the issue of the advisory of the Ashanti liquidity crisis was where Professor Mills selected Databank and Calbank, giving their expertise to support the government, is what I don’t think went through competitive bidding,” he added.
