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Tag Archives: repayment

‘It makes crime attractive’ – High Court rejects Ato Essien’s GH¢90m repayment plan with prosecution

An Accra High Court has rejected an agreement between the founder of the defunct Capital Bank, William Ato Essien, and state prosecutors. The Court, presided over by Justice Kyei Baffour, a Justice of the Court of Appeal, sitting as an additional High Court judge on Thursday, December 1, 2022, had readied …

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There’s a 50% chance Ghana will default on its debt repayment – Fitch

There is a 50% chance that Ghana could default on its debt repayment, rating agency, Fitch, has projected. The agency said that Ghana’s sovereign credit rating may yet face another downgrade closer to default. According to a report by myjoyonline.com, Fitch said that this could become an even more definite …

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