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Former Capital Bank CEO Ato Essien jailed 15 years
Former Chief Executive Officer of defunct Capital bank, Ato Essien has been sentenced to 15 years imprisonment with hard labour.
This follows his failure to pay in full an amount of GH¢90 million cedis he agreed to pay the state despite several lifelines given him.
The court in May 2023 gave him a two-month window to at least pay in full the first GH¢20 million out of the GH¢60 million he was due to pay.
However, the convict has not been able to meet this directive.
Ato Essien was convicted in December 2022 on his own plea after striking a deal with the state under section 35 of the Courts Act to avoid a custodial sentence.
He has, however, been having a hard time fulfilling a GH¢90 million debt obligation imposed on him by the court in replacement of the custodial sentence.
According to the agreement, Ato Essien was mandated to pay GH¢90 million by the end of 2023 for which he paid GH¢30 million in December 2022 and was expected to pay the remainder in three equal instalments in 2023.
The first tranche was due for payment by the end of April 2023 failure of which placed him at risk of being handed a jail sentence. But at the end of April, the convict had only paid GH¢6 million out of the GH¢20 million.
The state filed an application to get the court to issue the custodial sentence as the terms of the agreement required that a breach of the payment plan would amount to the imposition of a custodial sentence on him.
The Judge, Justice Eric Kyei Baffour, however, upon a request by the lawyers of the convict deferred the hearing of the application to impose a custodial sentence.
Ato Essien’s lawyers argued that agreements have been reached with a company for the liquidation of some properties belonging to their client to pay for the debt.
But it emerged that Ato Essien only made an additional payment of GH¢2 million. This brings the total amount of the first tranche paid to GH¢8 million with a remainder of GH¢12 million.
This means that out of the GH¢90 million debt, the convict has paid only GH¢38 million leaving a remainder of GH¢52 million.
Credit: Citinewsroom.com
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Let’s reintroduce Cultural Studies to complement educational reforms — Tourism Minister
Madam Abla Dzifa Gomashie, the Minister of Tourism, Culture and Creative Arts, has emphasised the importance of reintroducing Cultural Studies in schools as part of Ghana’s broader educational reform agenda.
She said Cultural Studies would complement existing efforts to reposition Science, Technology, Engineering and Mathematics (STEM) and Technical Vocational Education and Training (TVET) to promote digital literacy and expand Creative Arts education.
Speaking at the 2025 Homowo Festival of the people of Ningo-Prampram, held on the theme: “Education: The Best Legacy for our Children,” Madam Gomashie said cultural education was critical to national identity and development.
She noted that the festival’s theme aligned with the Government’s vision to transform education in Ghana and encouraged the youth to embrace it not only as a means of personal development but also as a way of preserving traditional values.
These values, including patience, wisdom, and hard work, were at the core of the Homowo celebration, the Minister said.
“Cultural festivals like Homowo are vital instruments for strengthening cultural identity, preserving historical memory, and fostering national unity. Additionally, festivals serve as platforms for educating the youth through storytelling, music, dance, and other traditional practices, while also providing opportunities for community engagement.”
Madam Gomashie highlighted the strong foundation that Ghana’s tourism was built on, which included culture, traditions, and the creative industry, collectively contributing to over GH¢4.8 billion to the economy.
“Festivals give tourists reasons to visit our country. Therefore, with the right infrastructure and the development of all the domains, the sector can do more than what has been recorded,” she added.
Mr Sam Nartey George, the Member of Parliament for Ningo-Prampram and Minister of Communication, Digital Technology and Innovation, commended the community for their vibrant participation in the festival. He announced plans for the construction of a new nursing training school in Ningo, aimed at expanding access to healthcare education in the area.
Nene Osroagbo Djangmah XII, Paramount Chief of Great Ningo Traditional Area; King Dr Tackie Teiko Tsuru II, Ga Mantse; Nene Tetteh Wakah III, Paramount Chief of the Prampram Traditional Area; Prof. Odaifio Welentsi III, Paramount Chief of the Nungua Traditional Area; Naana Dugbakuwor Dugba II, Paramount Queen Mother of Great Ningo; and Mr. Elvis Afriyie Ankrah, Special Envoy on Religion and Inter-Faith Affairs, who represented the Chief of Staff, were among dignitaries at the festival. -GNA
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Focus on more pressing issues like Galamsey, not hate speech – Ellen Ama Daaku to Mahama
An aide to former Vice President Dr. Mahamudu Bawumia,Ellen Ama Daaku has advised President John Dramani Mahama to shift his attention from social media hate speech to more urgent national issues such as illegal mining.
Speaking in an interview, she noted that the President’s recent comments about tracking the IP addresses of people who spread hate speech were unnecessary.
According to her, President Mahama must first define what he considers to be hate speech before seeking to punish people for it.
Ms. Daaku argued that the President himself had benefitted from hate speech and social media attacks in the past when he was in opposition.
She said even during his time in government, he described his opponents and their tribesmen in unpalatable terms, which later drew complaints from former President Nana Akufo-Addo to the Catholic Bishops’ Conference.
She stressed that harsh criticism of leaders on social media should not automatically be considered hate speech, adding that former leaders, including former President Nana Akufo-Addo had all been subjected to it.
“He is only feeling what Nana Akufo-Addo went through for eight years,” she remarked.
While acknowledging the need to regulate misconduct online, Ms. Daaku insisted that going after social media activists should not be a priority.
She noted that many political activists, including herself, had been insulted and attacked online but never called for arrests.
She concluded that President Mahama should focus his energy on solving pressing problems such as galamsey and the economy instead of concentrating on critics on social media.
By: Jacob Aggrey
