{"id":3861,"date":"2019-09-27T14:15:38","date_gmt":"2019-09-27T14:15:38","guid":{"rendered":"https:\/\/www.africa-press.com\/ghana\/?p=3861"},"modified":"2019-09-27T14:15:38","modified_gmt":"2019-09-27T14:15:38","slug":"ofori-atta-exposed-capital-bank-ceo-discloses-he-wanted-to-buy-bank-from-him","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ofori-atta-exposed-capital-bank-ceo-discloses-he-wanted-to-buy-bank-from-him","title":{"rendered":"Ofori-Atta EXPOSED; Capital Bank CEO discloses he wanted to buy bank from him"},"content":{"rendered":"

Ato Essien is the founder of defunct Capital Bank<\/strong><\/p>\n

Founder of the now-defunct Capital Bank, Mr William Ato Essien, has revealed he was approached by Finance Minister Ken Ofori-Atta to buy Capital Bank from him in 2016.<\/strong><\/p>\n

Speaking on\u00a0Good Evening Ghana on Metro TV, Mr Ato Essien stated that Mr Ofori Atta personally came to him with the proposal.<\/strong><\/p>\n

William Ato Essien argues that if his bank was not being well managed, it would not have attracted interest from Ken Ofori Atta then.<\/p>\n

\u201cIf the bank [were] that bad, would the current Finance Minister and the Board Chairman of Enterprise, Keli Gadzekpo, come to my office to say: ‘We are interested to buy Capital Bank? Ken Ofori-Atta came to my office in 2016 to make that proposal,\u201d\u00a0\u00a0He told host, Paul Adom-Otchere.<\/p>\n

Mr Essien also dismissed claims that the Board Chair of the bank, Dr Mensa Otabil lacked the requisite knowledge to lead the Board and direct the affairs of the bank.<\/p>\n

Capital Bank was one of the local banks that went under during the recapitalisation exercise undertaken by the Bank of Ghana (BoG).<\/p>\n

The Bank of Ghana (BoG) revoked the license of two commercial banks – UT Bank and Capital Bank in August 2017.<\/p>\n

The action was triggered by the inability of the two banks to turn around their negative capital adequacy position which has lingered on for some time now.<\/p>\n

BoG said the action had\u00a0been taken against the affected banks due to their \u201cterrible\u201d financial situation and their inability to perform within the banking industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ato Essien is the founder of defunct Capital Bank Founder of the now-defunct Capital Bank, Mr William Ato Essien, has revealed he was approached by Finance Minister Ken Ofori-Atta to buy Capital Bank from him in 2016. 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