Fund management company Data Bank will reopen some of it branches today after shutting down on December 22,2022.
The shutdown was as a result of physical and verbal attacks on it staff by some clients.
The staff of the fund management company have been working remotely and engaging clients on digital platforms since the closure, but the company in an e-mail and text message to its clients on Saturday, January 7, 2023, said it “will apply a phased approach to re-opening” its physical locations.
The re-opening will commence today January 10 with business resuming at its independent branches located in Accra, Cape Coast, Ho, Koforidua, Kumasi, Sunyani, Takoradi, Tamale and Tema.
This will be followed by the re-opening of Databank co-locations within GTBank and UBA branches located in Accra, Ashaiman, Kasoa, Tarkwa, Wa and KNUST.
The company in an email to its clients last December revealed that it had been affected by the liquidity challenges that have rocked the fund management industry owing to the “macro-economic crisis” facing the country.
It also said the crisis had resulted in the company’s inability to pay withdrawal requests and impacted its original two-week estimate for withdrawals.
– Data Bank
Author-Matilda Timmy Youpele
