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Business News Fri, 27 Sep 2019

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CEO of defunct Capital Bank to launch book on his experience

William Ato Essien, the Founder and Chief Executive officer of the defunct Capital Bank, has revealed that he will soon launch his book titled: “In the Spirit of the African Entrepreneur.”

This book, he said on Metro TV’s Good Evening Ghana, catalogues his experiences in doing business as well as the collapse of his bank.

When host of the programme Paul Adom-Otchere, asked what he has been doing since the collapse of his bank, he said: “I am currently writing a book titled ‘In the spirit of the African entrepreneur.”

Capital bank was one of the local banks that went under during the recapitalisation exercise undertaken by the Bank of Ghana (BoG).

Mr Essien further told Paul Adom-Otchere that the Finance Minister Ken Ofori-Atta proposed to buy Capital bank in 2016.

“If the bank was 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 Attah came to my office in 2016 to make that proposal,”

He also dismissed claims that the board chair of the bank Dr Mensah Otabil lacked the requisite knowledge to lead the board and direct affairs of the bank.

Source: laudbusiness.com

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