Financial services

Databank Hosts 3rd Annual Financial Services Reporting Media Training

More than 30 media staff from different media houses in Ghana gathered at the data bank headquarters for the data bank’s annual media training on financial services reporting.

The media training courses are part of Databank’s initiative to encourage accurate and timely reporting on the financial services industry among Ghana’s media.

The exercise brought together representatives from radio, television, print and online media.

The focus of this year’s session, which was the 3rd edition, was “Fighting Investment Fraud: The Role of the Media”.

Gillian Hammah, Chief Marketing Officer of Databank, made the opening remarks, lamenting the increase and widespread acceptance of fraudulent schemes in Ghana.

She went on to say that if all the necessary stakeholders worked together, we would be able to educate Ghanaians about fraud.

“We’ve had a number of issues in the country with fraud schemes and we need to work together and tackle that.”

The media was singled out as a trusted source of information for Ghanaians from all walks of life, emphasizing the need for them to be well informed.

Emmanuel Ashong-Katai, head of policy research and information technology at the Securities and Exchange Commission, was the guest speaker for this year’s Media Education (SEC).

He discussed the different types and characteristics of fraudulent schemes, as well as the role of the SEC and the media in preventing investment fraud, in his lecture.

He also asked members of the media and the general public to remain vigilant at all times and to report any questionable investments to the SEC as soon as possible.

He concluded by stressing the need for special legislation in Ghana to combat investment fraud.

The event was open to the public and was free. The databank was praised by participants for a well-organized, lively and informative workshop.

The respective media reporters urged the Securities and Exchange Commission to hold more media consultations and the Databank to extend the training to more media outlets, especially those outside Accra.