Tag Archives: capital

Convicted William Ato Essien, the founder of the defunct Capital Bank has been given at least up to July 27 to redeem his first installment of GH¢20 million to the State. It has emerged in Court on Tuesday, July 4, that Mr Ato Essien has so far paid GH¢8 million of …

Finance Minister, Ken Ofori Atta, has stated that Ghana is not in a rush to go to the international capital market. Ghana has been shut out of the international capital market after its debt levels reached unsustainable levels. It had to embark on a debt restructuring programme for both domestic …

Ghana’s Finance Minister, Ken Ofori-Atta has announced that it would take a while for the country to return to the international capital market. According to him, it may take at least three or more years. Ken Ofori-Atta explained that, although this new development may look like a challenge, it presents the country with …

Gunmen have kidnapped 22 farmers from their fields just outside Nigeria’s capital Abuja, local police said Friday, in the latest wave of mass abductions in the country. Heavily-armed criminals known locally as bandits frequently attack rural areas with poor security in the northwest and central regions, but mass kidnappings are …

Deputy Ranking Member on Parliament’s Finance Committee, Isaac Adongo, has cautioned of a further sustained depreciation of the Ghana Cedi. He believes government’s promise to raise and inject a capital of US$2 billion meant to shore the Cedi and stabilise the economy, is yet to get results. In a Facebook post sighted …

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 …

British-based DJ cum radio presenter, Tim Westwood, has resigned from his famous ‘Capital Xtra’ show following multiple allegations of sexual misconduct from some women. The 64-year-old in a yet-to-be-released BBC documentary was accused of initiating unwanted sex with three women, while four others also alleged that he touched their private …

It has remained one of Ghana’s most historic cities and is known for its role in the transatlantic slave trade. Located on the coast of the Gulf of Guinea, Cape Coast, formerly called Carbo Corso (a corrupted form of “Corsican Cape”) served as the first capital of Gold Coast. From …

The High Court in Accra has ordered a subpoena to be served on the Governor of the Bank of Ghana Dr Ernest Addison to appear or instruct its official to appear before it on March 10, 2022. The court said the Governor or his office is to appear to produce statements …

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 …