Audio By Carbonatix
The outgoing president, Nana Akufo-Addo, has granted a presidential pardon to William Ato Essien and 10 other convicted individuals.
Mr Ato Essien, the founder of the defunct Capital Bank, was sentenced to 15 years in prison by an Accra High Court in October 2023.
He was convicted of embezzling over GH¢90 million of the Bank of Ghana’s liquidity support allocated to the now-defunct financial institution.
This decision follows his failure to fully repay the stated amount to the State, despite having agreed to do so and being afforded the opportunity.
Under the prerogative of mercy, Mr Essien, who had served one year of his 15-year sentence, is said to be suffering from "severe life-threatening medical conditions" and has undergone multiple surgeries as a result.
In addition to Mr Essien, eight other convicted individuals have been released by the president, including Philip Assibit, a convict in the GYEEDA scandal who was jailed for 12 years.
The list of the pardoned convicts is provided below:
Latest Stories
-
Ghana EXIM Bank develops 5-year export-led growth strategy to drive trade expansion
4 minutes -
Big Smiles, Bigger Bounces: Kids take over the fun at the Joy Party in the Park
37 minutes -
Joy FM Party in the Park 2025: Kwabena Kwabena takes centre stage
59 minutes -
Ghana-Nigeria cyber-fraud network dupes over 200 victims of $400,000
1 hour -
Tackling terrorism requires jobs and anti-corruption drive, not strikes alone – Nigerian security analyst
1 hour -
Terror attacks in Nigeria affect all faiths, not only Christians – Security analyst
1 hour -
$120,000 stolen from Ghanaian financial institution by hackers – INTERPOL
1 hour -
Modern security management defined by trust – IGP
1 hour -
The True Significance of Christmas: Pagan origins or Christian celebration
1 hour -
US strikes on terrorists in Nigeria timely and strategic – Security analyst
1 hour -
Patrons dance through drizzles at Joy FM’s Party in the Park 2025
2 hours -
Samini thrills fans at the 2025 Samini Xperience concert
2 hours -
Gov’t targets 99.9% electricity access by 2030 as Awurahae, Sapor get power after decades
2 hours -
Ghana EXIM Bank repositioned to reduce import bill on rice, poultry – CEO assures
2 hours -
Photos: Hundreds turn out for Joy FM’s 2025 family party in the park
3 hours