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
-
Sogakope Circuit Court jails farmer 15 years for incest, defilement
2 hours -
2028 is not a normal election – Amewu explains why NPP needs Kennedy Agyapong
2 hours -
The whole nation wants Kennedy – Amewu makes strong case for Agyapong
2 hours -
31-year-old illegal miner sent to prison over theft
3 hours -
Court remands GPHA staff over stolen tugboat
3 hours -
Attendance at trial is a constitutional duty, not an option
4 hours -
RTI response raises questions over Bryan Acheampong’s military service claims
4 hours -
Two women granted bail over assault of 12-year-old; another remanded
4 hours -
Ghana’s IMF programme extension to August 2026 was to allow more time for final review work – IMF
4 hours -
No records of Bryan Acheampong’s enlistment and release from the US Army – Parliament says in RTI response
4 hours -
Daasebre Osei Bonsu III swears oath of allegiance to Asantehene and pledges unity and development for Asante Mampong
5 hours -
We had fruitful deliberations with private transport operators – Transport Minister
5 hours -
45-year-old farmer jailed 15 years for sexually abusing 14-year-old niece
5 hours -
Lawrence Ofori joins Casa Pia after mutually parting ways with Moreirense
5 hours -
Brazil have talent for World Cup, but victory not guaranteed – ESPN’s Bertozzi
5 hours