The founder of the now-defunct UT Bank, Capt. (rtd) Prince Kofi Amoabeng, has expressed his belief that Ghanaians made an error in electing President Akufo-Addo to lead the country.
During a TV3 interview on November 2, 2023, Kofi Amoabeng noted that he had been criticized for making this assertion earlier, but current circumstances in the country seem to support his view.
He further stated that the situation under the Akufo-Addo government has deteriorated to the extent that resources intended for future generations have already been misused.
“… If you ask me, we voted wrongly and for what is happening around, I think you can look at me in the eye and tell me that, yes, I’m telling the truth.
“Times are really hard. What the government has done this time is unbelievable. We consumed the past because people’s savings, everything went, we are consuming the present – high taxes, inflation, utilities are going up by the day – and we have consumed the future because there are debts that have been scheduled ahead of us.
“This is a desperate situation and I don’t think we have been in this situation before,” he said.
Kofi Amoabeng clarified that his criticism of the Akufo-Addo government is not motivated by spite, even though they closed down his bank, which he considered an unreasonable decision.
He emphasized that he would have criticized the government even if his bank were still operational because Ghanaians are enduring severe hardships.