{"id":412344,"date":"2017-08-22T10:00:25","date_gmt":"2017-08-22T10:00:25","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/08\/22\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\/"},"modified":"2017-08-22T10:00:25","modified_gmt":"2017-08-22T10:00:25","slug":"capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/08\/22\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\/","title":{"rendered":"Capital Bank\u2019s collapse has exposed Otabil\u2019s incompetence \u2013 Kweku Boahen"},"content":{"rendered":"<p><\/p>\n<div>\n<aside class=\"mashsb-container mashsb-main mashsb-stretched\">&#13;<br \/>\n                <\/aside>\n<p><!-- Share buttons by mashshare.net - Version: 3.4.4--><\/p>\n<p>Deputy Communications Director of the opposition National Democratic Congress (NDC) has accused renowned Bible teacher, Pastor Dr Mensah Otabil of ensuring the collapse of Capital Bank through his poor managment of the financial institution of which he served as the Board Chairman.<\/p>\n<p>According to Kwaku Boahen, Pastor Mensah Otabil whose church, businesses and family allegedly have a huge stake in the bank through shares, shamefully supervised the collapse of the bank eventhough he has touted himself as one of Ghana\u2019s brainy and visionary leaders of all time.<\/p>\n<p>On Monday, the Bank of Ghana announced the complete takeover of UT Bank Limited and Capital Bank Limited by the GCB Bank Limited after revoking the licences of the two commercial banks.<\/p>\n<p>The central bank attributed its actions to the severe impairment of the capital of the two banks, adding that\u00a0it\u00a0approved a Purchase and Assumption (P&amp;A) transaction involving the banks to protect depositors\u2019 funds and strengthen Ghana\u2019s financial sector.<\/p>\n<p><em>UT Bank and Capital Bank were heavily deficient in capital and liquidity and their continuous operation could have jeopardized not only their depositors\u2019 funds, but also posed a threat to the stability of the financial system. It therefore became necessary for the Bank of Ghana to revoke their licenses and approve a Purchase and Assumption (P&amp;A) transaction to allow GCB Bank, a large bank with the right balance sheet, to take over all deposits and selected assets of UT Bank and Capital Bank.\u201d <\/em>Dr Addison, Governor of the Bank of Ghana noted<em>.<\/em><\/p>\n<p>Speaking on Agoo TV and Kasapa News, Kwaku Baoahen stated that Pastor Mensah Otabil who speaks so eloquently about who a good leader is, was the last person expected to preside over bank into a state of insolvency, adding that not even the Pastor\u2019s prayers could save the bank from collapse.<\/p>\n<p><em>\u201cPastor Otabil as the Chairman of the Board of Directors for Capital Bank, performed so poorly and ran down the bank. As a pastor he couldn\u2019t even pray to salvage the bank for the dire straits if found itself, he should be blamed for the bank\u2019s collapse just as he blamed then President Mahama for all that went wrong during his regime.<\/em><\/p>\n<p><em>\u201cHe has for several years preached about leadership and critcized Ghanaian leaders, but he couldn\u2019t bring his leadership acumen to bear when he was Board Chairman of Capital Bank. Was it not barely a month ago at his church\u2019s \u2018Greater Works programme\u2019, that Pastor Mensah Otabil urged members to sow a seed of GHC20,000 and receive special prayers for prosperity? If he could make people sow seeds to enrich themselves, why didn\u2019t he also sow seed for Capital Bank fortunes to improve.\u201d<\/em><\/p>\n<p><!--[if lt IE 9]><script>document.createElement('audio');<\/script><![endif]--><br \/>\n<audio class=\"wp-audio-shortcode\" id=\"audio-114492-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"http:\/\/kasapafmonline.com\/wp-content\/uploads\/2017\/08\/Boahen-Otabil.mp3?_=1\"\/><a href=\"http:\/\/kasapafmonline.com\/wp-content\/uploads\/2017\/08\/Boahen-Otabil.mp3\">http:\/\/kasapafmonline.com\/wp-content\/uploads\/2017\/08\/Boahen-Otabil.mp3<\/a><\/audio><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#13; Deputy Communications Director of the opposition National Democratic Congress (NDC) has accused renowned Bible teacher, Pastor Dr Mensah Otabil of ensuring the collapse of Capital Bank through his poor managment of the financial institution of which he served as the Board Chairman. According to Kwaku Boahen, Pastor Mensah Otabil whose church, businesses and family [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":412296,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-412344","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Capital Bank\u2019s collapse has exposed Otabil\u2019s incompetence \u2013 Kweku Boahen - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/08\/22\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Capital Bank\u2019s collapse has exposed Otabil\u2019s incompetence \u2013 Kweku Boahen - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"&#013; Deputy Communications Director of the opposition National Democratic Congress (NDC) has accused renowned Bible teacher, Pastor Dr Mensah Otabil of ensuring the collapse of Capital Bank through his poor managment of the financial institution of which he served as the Board Chairman. According to Kwaku Boahen, Pastor Mensah Otabil whose church, businesses and family [&hellip;]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/22\\\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/22\\\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Capital Bank\u2019s collapse has exposed Otabil\u2019s incompetence \u2013 Kweku Boahen\",\"datePublished\":\"2017-08-22T10:00:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/22\\\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\\\/\"},\"wordCount\":475,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/22\\\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Politics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/22\\\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/22\\\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/22\\\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\\\/\",\"name\":\"Capital Bank\u2019s collapse has exposed Otabil\u2019s incompetence \u2013 Kweku Boahen - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/22\\\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/22\\\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-08-22T10:00:25+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/22\\\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/22\\\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Capital Bank\u2019s collapse has exposed Otabil\u2019s incompetence \u2013 Kweku Boahen - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2017\/08\/22\/capital-banks-collapse-has-exposed-otabils-incompetence-kweku-boahen\/","twitter_card":"summary_large_image","twitter_title":"Capital Bank\u2019s collapse has exposed Otabil\u2019s incompetence \u2013 Kweku Boahen - Ghanamma.com","twitter_description":"&#13; Deputy Communications Director of the opposition National Democratic Congress (NDC) has accused renowned Bible teacher, Pastor Dr Mensah Otabil of ensuring the collapse of Capital Bank through his poor managment of the financial institution of which he served as the Board Chairman. 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