The hullabaloo surrounding the banking crisis in Ghana has taken a new turn with information sources suggesting that the problem with the now-defunct Capital Bank may be worse than earlier feared.
An information has come out that breaks down the amounts of money borrowed by the shareholders of Capital Bank. It is thought these debts were the chief factors that collapsed the bank.
The bank, which collapsed over a year ago, was chaired by revered Christian preacher Dr Mensa Otabil. But now, the Daily Graphic is reporting that along with others, Dr Otabil took loans from the bank that they could not pay.
The total amount from the nine borrowers is about GHC 450 million.
Dr Otabil, ICGC and 13 other stakeholders of the Capital Bank have been dragged to court for their roles in the collapse of the bank.