The issuing of government bonds by Databank, a bank that Ken Ofori-Atta, the finance minister, co-founded, has drawn harsh criticism from Prince Kofi Amoabeng, the former CEO of the now-defunct UT Bank.

Due to the conflict of interest the entity is in, he contends that it is unethical for Databank to be in this situation.

Databank and Black Star Brokerage are said to have been chosen as Bond Market Specialists for the issuance of government bonds.

These two institutions are linked to the Finance Minister and the Minister of State at the Finance Ministry, Charles Adu Boahen respectively.

Reacting to this in a TV3 interview on Monday, Amoabeng wondered if the directors of Databank can have sound sleep after benefiting from the government bonds issuance.

He noted that “personally, I don’t really care about Databank because of me and Ken and what happened. But I think it is ethically wrong, certain things you don’t do just because there is a conflict of interest.

“As it is been reported that Databank and Black Stars have brokerage firms that are benefitting, really? If they can sleep in the night then they are tough people.”