The Commercial Division of the Accra High Court has given the greenlight for the founder of the defunct Capital Bank, William Ato Essien, to challenge the revocation of the bank’s operating licence by the Bank of Ghana (BoG).
That was after the court dismissed an application by the BoG which was urging the court to set aside a counterclaim by Essien challenging a suit filed against him and 15 other shareholders by the Receivers of Capital Bank over their alleged role in the collapse of the bank.
