Tag Archives: ATO

Cassiel Ato Forson, Member of Parliament for Ajumako Enyan Essiam Constituency in the Central Region has alleged that government went on a borrowing spree in the lead-up to the 2020 polls. Ato Forson, who is the Ranking Member on Parliament’s Finance Committee said a total of GH¢67 billion was borrowed, an amount which …

Dr. Cassiel Ato Forson, a former deputy Finance Minister, has alleged that government through the Bank of Government (BoG) has printed an amount of GH¢22 billion in new currency notes without Parliamentary approval. According to him, the new notes were printed between January and June 2022 on the orders of the government …

Operatives of the Economic and Financial Crimes Commission (EFCC) are currently at the head office of NOVA Merchant Bank Limited to arrest the Chairman of the institution, Phillips Oduoza and its Managing Director/Chief Executive Officer, Nath Ude. NOVA Bank is an investment-grade merchant bank in Nigeria which offers an integrated …

A one-time board chairman of the Ghana National Petroleum Corporation, Ato Ahwoi, has disclosed circumstances under which the United States embassy in Accra denied him a visa years ago. He linked the incident to his refusal along with two others to allow Kosmos Energy to proceed with a US$4 billion …

Former Chief Executive Officer of the Ghana Free Zones Board, Kwadwo Twum Boafo has accused the current government of undertaking deliberate efforts to reduce the number of minority members in the current parliament of Ghana. According to Twum Boafo, the ruling New Patriotic Party has resorted to prosecuting four minority MPs in …

An attempt by William Ato Essien, the founder of the defunct Capital Bank to halt proceedings in the ongoing trial has failed. The court prior to moving the Application for Stay of Proceedings pending a determination of an interlocutory appeal, hinted counsel, that, it was going to dismiss the application …

Evelyn Keelson, the Chief State Attorney, has stated that William Ato Essien, the founder of the defunct Capital Bank as well as Dr. Tetteh Nettey, a businessman dishonestly took GH¢130 million from Capital Bank to set up another bank. According to her in a Joy News reportage, the bank in …

Former Deputy Finance Minister, Cassiel Ato Forson, has bemoaned the government’s decision to use the E-Levy as collateral for loans. In a post on his Twitter handle, Ato Forson said that the move will worsen the country’s debt challenge which is the main cause of the current economic hardship being faced …

Member of Parliament for Assin Central, Kennedy Ohene Agyapong, has raised objections over government’s decision to prosecute former Deputy Minister for Finance, Dr. Cassel Ato Forson for allegedly causing financial loss to the state. The former deputy minister under the erstwhile National Democratic Congress administration and two others, made up of a …

The Founder of defunct Capital Bank, William Ato Essien, has said that he received some ¢27.5m as finder’s fee, out of ¢620m given to his bank as a liquidity support According to Ato Essien who is standing trial for embezzlement, he earned the payment as commission, having facilitated payment of …