bendover | |
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Born | bendover 22 February 1952 |
Nationality | Ghanaian |
Education | Adisadel College, Ghana |
Alma mater | Royal Army Pay Corps and University of Ghana |
Occupation | Businessman |
Years active | 1982–2015 |
Prince Kofi Amoabeng (born February 22, 1952) is a Ghanaian businessman and a former military officer of the Ghanaian Armed Forces. He caused a paradigm shift in the lending industry in Ghana by founding Unique Trust Financial Services with three employees and grew it into a robust holding company, UT Holdings, with several subsidiaries both locally as well as in Africa and Europe. [1] UT Bank, which he co-founded, collapsed in 2017 during Ghana's banking crisis amid allegations that he had misappropriated funds from the bank. [2] [3] [4] [5] [6] [7] He is currently subject to ongoing court battles regarding these allegations following his arrest on 14 January 2020, and release on bail of 110 million cedis. [8] [9] [10]
Amoabeng was born on 22 February 1952 in Bososo in the Eastern Region of Ghana. [11]
Amoabeng started his schooling at Penworth Preparatory School, a boarding school in Accra. He had his secondary education at the St. Peter’s Senior High School at Nkwatia Kwahu and Adisadel College in Cape Coast Ghana before proceeding to the University of Ghana for his undergraduate degree. He received a Bachelor of Science degree in administration in 1975 with 2nd-class upper honours from the University of Ghana Business School. [12] [13] After joining the military, he won a scholarship from the Ministry of Defence to pursue a course at the Royal Army Pay Corps, where he qualified as an accountant within 18 months and decided to return home upon graduation. [14]
Amoabeng began his career in the Ghana Armed Forces in April, 1975. He was commissioned as a lieutenant in November 1975. [14]
In January 2020, Amoabeng was charged with the embezzlement of a total amount of 59.9 million Ghana cedis from UT Bank, having been a cofounder of the bank which collapsed during the Ghana banking crisis. [16] The original charges were subsequently dropped and the prosecution intends to bring other charges. [17]
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GCB Bank Limited formally known as Ghana Commercial Bank is the largest bank in Ghana in terms of total operating assets and share of industry deposits, with 14.2% of total industry deposits. In August 2017, the Bank of Ghana, the nation's central bank, announced that it had approved a Purchase and Assumption transaction with GCB Bank Limited for the transfer of all deposits and selected assets of UT Bank and Capital Bank (Ghana) to GCB Bank Ltd.
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Capital Bank was an indigenous private national development and commercial Ghanaian bank. It was one of the private national development and commercial banks licensed by Bank of Ghana, the national banking regulator. On August 14, 2017, the Bank of Ghana announced it had revoked its license due to insolvency during Ghana's banking crisis. The bank was then taken over by GCB Bank. The founder of the bank, William Ato Essien and three others were subsequently charged with misappropriating 100 million Ghana Cedis of the Bank's assets.
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Afia Serwaa Kobi Hemaa Osisiadan-Bekoe is a Ghanaian female entrepreneur, TV presenter and communication specialist. She has had a career in the media industry for over ten years. She is currently the head of corporate communication at Ghana Post Company Limited and the founder of Angeles Foundation an agency which focuses on boy-child empowerment and entrepreneurial skills.
Deloris Frimpong Manso, popularly known as "Delay", is an entrepreneur, television and radio show host, producer, public speaker and Women's Advocate in Ghana.
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Kofi Koranteng is a Ghanaian activist and politician who used to be the chief executive officer of the Progressive Alliance Movement. He has been a key advocate for the rights of Ghanaians living abroad to be given the chance to vote and be represented in that manner through campaigning for the Representation of the Peoples’ Amendment Act (ROPAA) to be passed. In the run off to the election in December 2019, he declared his intention to stand for the 2020 Ghana elections as an independent candidate.
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Kingsley Kwaku Pinkrah is a Ghanaian social entrepreneur and business advisor. He founded Cedi Ghana, an NGO that addresses poverty and youth unemployment in Ghana.
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