Capital Bank (Ghana)

Capital Bank Ghana Limited
Company typePublic
IndustryPrivate banking,
Retail banking,
Asset management,
Investment banking,
Financial services
Founded2009; 15 years ago (2009)
HeadquartersSpintex road Adjacent Papaye fast food,Accra
Key people
William Ato Essien
Founder
Mensa Otabil
Chairman
Rev. Fizgerald Odonkor
CEO[1]
ProductsPrivate banking,
Asset management,
Investment banking,
Investments,
Loans,
Savings,
Speed banking, Speedpay
RevenueIncrease
Total assetsUS$140 million; 2013
GHS:286.80+ million; 2013
Number of employees
355
Websitewww.capitalbankghana.com

Capital Bank (previously First Capital Plus Bank) was an indigenous private national development and commercial Ghanaian bank.[2] It was one of the private national development and commercial banks licensed by Bank of Ghana, the national banking regulator.[3][4] On August 14, 2017, the Bank of Ghana announced it had revoked its license due to insolvency during Ghana's banking crisis. The bank was then taken over by GCB Bank. The founder of the bank, William Ato Essien and three others were subsequently charged with misappropriating 100 million Ghana Cedis of the Bank's assets.[5]

  1. ^ "Capital Bank Executive Management". capitalbankghana.com. Archived from the original on 23 January 2017.
  2. ^ Cite error: The named reference his was invoked but never defined (see the help page).
  3. ^ "First Capital Plus begins commercial banking operations". MyJoyOnline. Retrieved 5 February 2014.
  4. ^ List of Licensed Commercial Banks In Ghana Archived 14 November 2012 at the Wayback Machine
  5. ^ "State charges Ato Essien, 3 others over collapse of Capital Bank". The Ghana Report. 9 October 2019. Retrieved 14 January 2020.