Former Chief Executive Officer of defunct Capital Bank, Ato Essien has been sentenced to 15 years imprisonment with hard labour. This follows his failure to pay in full an amount of GH¢90 million he agreed to pay the state despite … Read more →
Founder of defunct Capital Bank William Ato Essien has defended a former board chairman of the bank, Pastor Mensa Otabil, saying he was rather firm in efforts to keep the Bank in good standing. “If anybody pulled the breaks, it … Read more →
The General Overseer of the International Central Gospel Church (ICGC) has reacted to the takeover of Capital Bank by the GCB bank limited. Bank of Ghana on Monday, 14th August, 2017 announced the takeover of UT and Capital Banks by … Read more →
An internal report of a probe into how Third Party Funds (TPF) were used by the Capital Bank shareholders has revealed massive individual and corporate liabilities running into million of cedis. The report, which also looked at the segregation of … Read more →
The Bank of Ghana announced the revocation of the licenses of UT Bank and Capital Bank, following the inability of the two banks to turn around their negative capital adequacy position which has lingered on for some time now. Speaking … Read more →