Mensah Otabil admits to 'terrible' week after collapse of Capital Bank

| Updated Aug 21, 2017 at 11:00am



General Overseer of the International Central Gospel Church, Dr. Mensah Otabil used his usual sunday sermon to express his frustration over all that happened in the week when two Banks were liquidated.

Dr. Mensah Otabil, who was one time Board Chair of the Capital Bank said it was a week that things went bad for him.

Dr Otabil recounted events during the past week saying, “Monday was a fortunately good day for me.

I was fine on Monday.

Tuesday was a very bad day for me. Wednesday was a very terrible day.

You go through this stuff and you wonder; wow, what a week!”

According to him, he normally starts the preparation of his Sunday sermons on Tuesdays, however, “this Tuesday, I was not in a frame of mind for sermon.

This was not sermon Tuesday.”

“Wednesday definitely wasn’t a sermon Wednesday,” he added.

He however saw a glimmer of hope on Thursday morning and managed to put together a sermon for Sunday.

“On Thursday morning, I started feeling God’s favour…. I got up, I picked my laptop, I opened it and I started putting my ideas down like I normally do and all of a sudden, I just felt like a cloud just left my shoulders,” he said.

The Bank of Ghana last week Monday revoked the licences of UT and Capital banks following their heavy deficiency in capital and liquidity.

Following the revocation, the central bank subsequently approved a Purchase and Assumption (P&A) agreement with the GCB Bank to assume ownership of the deposits and selected assets of the now defunct banks.