Prince Kofi Amoabeng, founder of the now-defunct UT Bank, has revealed how he has been living since his bank went down during the Bank of Ghana’s (BoG) banking sector clean-up in 2017.
Asked how he has been doing in an interview on Business Focus on TV3 with Paa Kwesi Asare on Monday, October 3, he answered: “I have seen it virtually all the way to the top and I have seen it all the way to down. So, if I say I want to impact people and give them some leadership skills it is a complete thing, it is not like I have read from book and I am telling you what to do.
“I have experienced it from Kantamanto all the way to the most respected CEO and I have seen it go down. So it is a complete 360. So when I have to give or talk to people it is coming from my heart. I am quite passionate about it, I want them to avoid the potholes.”
“You must be liquid then, selling all these businesses?” he was asked by the host, Paa Kwesi.
In answer, he said: “No we didn’t sell the[businesses] they are running. They didn’t have much value, we sold to pay debt and even the debts are not fully paid .
Asked whether he is a man of straw, Mr Amoabeng answered: “I can be a man of straw, I am 70, I have kids that I have educated. I am not saying I live off them but I am quite frugal with with my life. I have one watch, I have one shoe so I don’t need much money. I don’t have to have a lot of money to enjoy life.”
“But you are comfortable?” host Paa Kwesi further probed.
He replied: “I am very comfortable and I have been blessed big time.”
“I don’t drive Range Rover anymore, I drive a Lexus.
“It is an upgrade. I live in an apartment and I am quite comfortable.”
“You sold your mansion for an apartment?” Paa Kwesi asked.
“I had to sell it to organize myself not to get broke,” he said.
Source:3news.com