In what was his first official verbal pronouncement on the matter, after weeks of controversy, Pastor Mensa Otabil told members of his church, Sunday, “God is good.”

Even though he did not go into the details of the controversy and his role in the collapse of the Bank, the founder of the ICGC told his members he owed them an explanation but that can best be summed up in the goodness of God.

Dr Otabil has been the subject of vehement criticism over the last few weeks over the collapse of Capital Bank, the bank he led as Board chair.

The license of the company together with that of UT Bank was withdrawn by the Bank of Ghana and the assets handed over to GCB Bank in August 2017.