Founder of the defunct UT Bank, Prince Kofi Amoabeng, has expressed disappointment over the actions of former Finance Minister Ken Ofori-Atta and former President Nana Akufo-Addo following the bank’s collapse.
Speaking on The Point of View with Bernard Avle on Channel One TV, Amoabeng revealed that despite his close ties with both men, he received no assistance when his bank was affected by the financial sector clean-up.
“I knew him [Akufo-Addo], he had been to my house in Kukurantumi before… So these were not people I didn’t know,” Amoabeng recounted, adding that Ofori-Atta was also a personal acquaintance whom he had once helped with a loan.
However, when he sought clarification on why UT Bank’s accounts were frozen, Ofori-Atta directed him to his Personal Assistant, a move Amoabeng found disheartening.
“That is why I went to him again… And he said I should speak to his Personal Assistant. So it weakened everything that we built,” he said.
Amoabeng lamented the lack of support, emphasizing that true friends do not abandon each other during tough times.
“If you are my friend and I have to make a decision that goes against you, I will call you to see what we can do for you to come back,” he stated.
The collapse of UT Bank in 2017 was part of a broader financial sector reform that saw several banks and financial institutions lose their licenses.