Founder & leader of the renowned International Central Gospel Church (ICGC), Pastor Mensa Otabil has told his congregation that people who have no right to even mention his name in their speech are now freely hurling insults at him due to the central bank’s recent takeover of Capital Bank, of which ICGC owns 3% interest.
Using the bad news as an example to encourage himself and his congregation on Sunday, 20 August 2017 about how to find perfect peace in the Lord during personal storms such as his current predicament, Pastor Mensa Otabil Otabil posited: “Oh yes I’ve had some reality this week.”
“You look at the person insulting you and the person, sometimes, himself looks like an insult. But out of the abundance of his insult, he is insulting you, so that is reality. Reality is when it is hitting, when all kinds of stuff is hitting, I don’t want to go too much into that …” Otabil stated.
If you could remember, on Monday, 14 August 2017, an unfortunate incident happened when the central bank revoked the license of operation by UT Bank Limited and Capital Bank Limited respectively.
An excerpt of the statement issued by the central bank of Ghana reads: “The Bank of Ghana has approved a purchase and assumption transaction with Ghana Commercial Bank Limited (GCB) that transfers of all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd.