BoG Governor Summoned By Court To produce Capital Bank Account Statement

The court hearing the case involving former Managing Director of Capital Bank, Mr. William Ato Essien, has served a subpoena to the Governor of the Bank of Ghana asking that Dr. Ernest Addison produce an account statement from the defunct bank.

The court presided over by Justice Eric Kyei Baffour, a Justice of the Court of Appeal sitting with additional responsibility as a High Court judge directed that if the Governor is not able to come then an officer of the central bank should bring the documents.

“I accede to the request of learned counsel for the first accused and order the registrar of the court to seal a subpoena directed at the governor of Bank of Ghana who shall direct the appropriate department of the Bank of Ghana that is in charge of the statement of account of commercial banks to produce the bank statements of the capital bank (now in receivership) from June 2015 to August 2017,” the court said.

It added, “An official of the bank of Ghana is to appear in court on the 10 March 2022 at 11a.m to tender the statement of account before the court.”

This was after Lawyer Baffour Gyawu Bonsu Ashia, counsel for Ato Essien had requested the subpoena.

The subpoena follows testimony by Defence witness, Dr. Isaac Nyame, who had indicated his difficulty in reconciling figures involved in the amount of money involved in the case.

Ato Essien and two others, Tetteh Nettey and Frutzgerald Odonkor have pleaded not guilty to some 23 charged and have been granted bail.