- The founder of the UT Bank, Prince Kofi Amoabeng, has stated that he once gave a loan to President Akufo-Addo
- He added that he saved a company belonging to the finance minister, Ken Ofori-Atta, from collapse
- UT Bank was one of the two banks collapsed and absorbed by GCB Bank in August 2017
Prince Kofi Amoabeng, the founder of UT Holdings, of which UT Bank was part, has revealed he once helped President Akufo-Addo and finance minister, Ken Ofori-Atta.
According to him, in the year 2003, he gave a loan to the sitting president, who was then an opposition leader.
He added that he saved a company belonging to the current finance minister, Ken Ofori-Atta, from collapse.
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YEN.com.gh has learned that these facts, as well as others, are part of a yet-to-be-released exclusive interview.
On Monday, August 14, 2017, the Bank of Ghana revoked the licenses of UT Bank and Capital Bank due to insolvency.
The two financial institutions were taken over by GCB Bank and UT’s listing status on the Ghana Stock Exchange was suspended.
Per a report by 3news.com, provisional figures at that time showed that UT Bank’s total liabilities were GHC850 million and its total assets were valued at GHC112 million.
In another report, Ghanaians have reacted after Prophet Cosmos Affran of the Cosmos Affran Walker Ministries prophesied that President Akufo-Addo would lose the 2020 elections.
According to the man of God, the sitting president would only obtain 42% of the total votes cast on Election Day.
He added that former president John Dramani Mahama of the National Democratic Congress (NDC) would carry the day and be sworn in as Ghana’s next leader.
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