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
-
University of Ghana postpones October 12 reopening as GAUA strike persists
11 minutes -
Bahass Foundation launches vocational skills training to support mental health recovery in Wa
43 minutes -
NPP orders parliamentary aspirants and their supporters to suspend campaign activities
1 hour -
Techiman unites against child marriage: Joy Impact Makers Awardee leads charge on International Day of the Girl Child
1 hour -
Ghana Psychological Association calls for greater involvement of people with lived experience in mental health care
3 hours -
Ablakwa says Ghana could evacuate more citizens from South Africa if the situation worsens
3 hours -
Violence against girls must be tackled through individual responsibility – Gender advocate
3 hours -
Ghana’s BRICS bid must be guided by national interest – International Affairs Analyst
3 hours -
Journalists look back on a decade of breast cancer reporting in Ghana
4 hours -
President Mahama ends Resetting Ghana tour of Ahafo Region
6 hours -
African negotiators seek delivery of climate commitments at COP31
6 hours -
BoG develops AI rules for financial sector
6 hours -
‘Big Push’: Government assures contractors of prompt payments
6 hours -
Court fines miner for breaking into gold buying shop
6 hours -
Tarkwa court jails labourer for three years over GH¢123,000 theft
7 hours