Databank Church Growth Account (DCGA)

Ghana Stock Exchange



The Databank Church Growth Account (DCGA) is an investment package designed specifically for church leadership. DCGA combines a Databank mutual fund with other benefits such as free investment seminars for all church members two times per year, free health screening for church members once per year, SME clinic for church leadership that offers training on bookkeeping, budgeting, financial management practices, and access to loans using your investment as collateral.

The ultimate goal of DCGA is to create an investment package that will enable the church as a body to invest towards a particular project (e.g., Church renovation, Maintenance Fund, Missions Fund) and also help church members (individuals & pastors) cultivate the habit of investing.

Every deposit made under DCGA is invested in MFund (seeks to achieve its objective by investing 100% of the funds in fixed-income securities).

With DCGA, funding your church projects is easier!

Why sign up for DCGA

DCGA comes with a unique membership package that offers the following benefits:

1. Grow projects funds through strong returns

  • Proven investment expertise (20 years of managing funds)
  • Underlying fund is MFund which offers you stability and preservation of capital

2. Grow financial strength of church

  • Free financial seminars for church members twice a year
  • Set up a provident fund for church workers
  • SME clinics for church leadership on book keeping
  • Access to loans using Databank investment as collateral for loan
  • Dedicated RM to handle all financial needs

3. Grow the health of your church

  • Free health screening each year for church members with DCGA accounts above GHC 2,000 (up to 300 members)

Thank you for choosing to invest in Databank Church Growth Account (DCGA).

Documents required
To complete your application, we will need scanned copies of the following:

  • A valid national ID card of signatories ( must be at least two signatories)
  • A completed group account opening form (available at any of our branches and partner locations)
  • 2 passport sized pictures of signatories
  • A copy of the church utility bill
  • Minimum initial investment
  • A letter of Resolution

To download the forms, kindly click below:

1. What is Databank Church Growth Account?
Databank Church Growth Account (DCGA) is an investment product tailor-made to help churches invest toward a particular church project such as church renovation, maintenance fund, mission’s fund, etc.

2. Why should I invest in Databank Church Growth Account?
In addition to assisting you invest in your church growth, DCGA comes with a unique membership package. This package gives churches the opportunity to enjoy the following benefits:

3. Free SME clinic for church leadership

  • We will offer free training on bookkeeping, budgeting, financial management practice, choosing the right investments, etc.
  • Free health screening  for members in the church will be done once a year
  • We will organize investment seminars for the church twice every year
  • We will assist the church to establish a Provident Fund for the ministerial and regular staff that would help them in their preparations towards a secure retirement.

4. What’s the minimum investment amount the church can start with?
The minimum initial investment you can start with is GHC 500. To grow your money significantly, it is best to follow a consistent investment plan. The required minimum monthly contribution is GHC 100.00.

5. Are there any other fees the church has to pay when the account is opened?
No. There are no extra fees to be paid apart from the initial deposit. However, there is a 1% front load fee on all deposit.

6. Can the church access the funds in the account anytime?
Yes. While you can access your funds at any time, the recommended holding period is  2 years before any withdrawals can be done This is to ensure the church realize potential on the investments.

7. What is the minimum recommended holding period for investing in the fund?
The minimum recommended holding period for your DCGA investment is 3 years.

8. How is the money going to be invested?
All funds deposited under the DCGA will automatically be invested in MFund unless you indicate otherwise. To learn more about MFund, please read the scheme particular which is available at www.databankgroup.com

9. Can individual church members invest in this product?
No. This product is for ONLY the church as a body. However, individual church members can invest in any of Databank mutual funds.

10. Can I make deposits into this account through other banks?
Yes. You can top up your account at any of the following partner banks

Access Bank
Absa Ghana
Fidelity Bank
GCB Bank
GT Bank
UBA
Zenith Bank

You can also deposit money through our mobile money and online services. Please select MFund on the deposit slip.

+ Why signup for DCGA?

Why sign up for DCGA

DCGA comes with a unique membership package that offers the following benefits:

1. Grow projects funds through strong returns

  • Proven investment expertise (20 years of managing funds)
  • Underlying fund is MFund which offers you stability and preservation of capital

2. Grow financial strength of church

  • Free financial seminars for church members twice a year
  • Set up a provident fund for church workers
  • SME clinics for church leadership on book keeping
  • Access to loans using Databank investment as collateral for loan
  • Dedicated RM to handle all financial needs

3. Grow the health of your church

  • Free health screening each year for church members with DCGA accounts above GHC 2,000 (up to 300 members)
+ Getting Started

Thank you for choosing to invest in Databank Church Growth Account (DCGA).

Documents required
To complete your application, we will need scanned copies of the following:

  • A valid national ID card of signatories ( must be at least two signatories)
  • A completed group account opening form (available at any of our branches and partner locations)
  • 2 passport sized pictures of signatories
  • A copy of the church utility bill
  • Minimum initial investment
  • A letter of Resolution

To download the forms, kindly click below:

+ F.A.Q

1. What is Databank Church Growth Account?
Databank Church Growth Account (DCGA) is an investment product tailor-made to help churches invest toward a particular church project such as church renovation, maintenance fund, mission’s fund, etc.

2. Why should I invest in Databank Church Growth Account?
In addition to assisting you invest in your church growth, DCGA comes with a unique membership package. This package gives churches the opportunity to enjoy the following benefits:

3. Free SME clinic for church leadership

  • We will offer free training on bookkeeping, budgeting, financial management practice, choosing the right investments, etc.
  • Free health screening  for members in the church will be done once a year
  • We will organize investment seminars for the church twice every year
  • We will assist the church to establish a Provident Fund for the ministerial and regular staff that would help them in their preparations towards a secure retirement.

4. What’s the minimum investment amount the church can start with?
The minimum initial investment you can start with is GHC 500. To grow your money significantly, it is best to follow a consistent investment plan. The required minimum monthly contribution is GHC 100.00.

5. Are there any other fees the church has to pay when the account is opened?
No. There are no extra fees to be paid apart from the initial deposit. However, there is a 1% front load fee on all deposit.

6. Can the church access the funds in the account anytime?
Yes. While you can access your funds at any time, the recommended holding period is  2 years before any withdrawals can be done This is to ensure the church realize potential on the investments.

7. What is the minimum recommended holding period for investing in the fund?
The minimum recommended holding period for your DCGA investment is 3 years.

8. How is the money going to be invested?
All funds deposited under the DCGA will automatically be invested in MFund unless you indicate otherwise. To learn more about MFund, please read the scheme particular which is available at www.databankgroup.com

9. Can individual church members invest in this product?
No. This product is for ONLY the church as a body. However, individual church members can invest in any of Databank mutual funds.

10. Can I make deposits into this account through other banks?
Yes. You can top up your account at any of the following partner banks

Access Bank
Absa Ghana
Fidelity Bank
GCB Bank
GT Bank
UBA
Zenith Bank

You can also deposit money through our mobile money and online services. Please select MFund on the deposit slip.