The Court of Appeal has granted William Ato Essien, founder of the defunct Capital Bank, a GH₵10 million bail with two sureties pending his appeal.
This follows a campaign by some Ghanaians, including an online petition to the President for clemency on health grounds for Ato Essien.
He was convicted in October 2023 after a restitution agreement collapsed due to non-payment of funds pledged towards the alleged misappropriation of GH₵90 million in Bank of Ghana liquidity support to Capital Bank.
Following his default on repayment obligations, the court sentenced him to 15 years.