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Tag: Ato Essien

Akufo-Addo pardons defunct Capital Bank’s Ato Essien and 10 others

Local, News January 6, 2025 Kennedy Mornah 0 Comments

The outgoing president, Nana Akufo-Addo, has granted a presidential pardon to William Ato Essien and 10 other convicted individuals. Mr Ato Essien, the founder of the defunct Capital Bank, was sentenced to 15 years in prison by an Accra High Court in October 2023. He was convicted of embezzling over GH¢90 million of the Bank […]

Court gives Ato Essien another lifeline

Local, News July 5, 2023 Kennedy Mornah 0 Comments

The Accra  High Court has given another lifeline to the convicted Founder of the Capital Bank, William Ato Essien by extending the payment of GH¢20million restitution to the state to July 27, 2023. The GH¢20 million represents the first tranche of a total of 60 million expected to be paid to the state. The court, […]

Court ‘throws out’ Ato Essien motion to renegotiate GH¢60million payment

Local, News May 12, 2023 Kennedy Mornah 0 Comments

The High Court in Accra has rejected an attempt by the founder of the defunct Capital Bank, William Ato Essien, to renegotiate a GH¢60 million settlement to the state. Essien who was convicted for stealing over GH¢90million of Bank of Ghana’s liquidity support to the bank was supposed to have paid 20 million of the […]

Court rejects Ato Essien’s GHc90million payment to ‘escape prison’

Business, News December 1, 2022 Kennedy Mornah 0 Comments

The Accra High Court has rejected an amount of Ghc90m by William Ato Essien, the Founder of the defunct Capital Bank to possibly escape jail in a trial in which he has been accused of stealing depositors fund. Justice Eric Kyei Baffour was ready today with his judgment but had to pause after lawyers for […]

State reveals how Ato Essien allegedly squandered ¢130m meant to save Capital Bank

Business, News October 15, 2019 Kennedy Mornah 0 Comments

JoyNews reproduced the facts of the case as presented by the state in the trial of the founder of defunct Capital Bank Ato Essien and three others. They have been slapped with 26 charges including stealing of various sums in excess of ¢260 million. Republic vs William Ato Essien Tetteh Nettey Fitzgerald Odonkor Kate Quartey-Papafio FACTS The […]

Even More News

$100 deal sealed: E&P buys out Azumah Resources – Entity now wholly Ghanaian

October 20, 2025

Engineers & Planners (E&P) Company Limited has paid $100 million to the previous owners of Azumah Resources Ghana Ltd to bring closure to the Black Volta Gold mining transaction in the Upper West Region. In July, this year, E&P and the ECOWAS Bank for Investment and Development (EBID) signed a $100 million Acquisition Facility Agreement […]

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