The Chief Executive Officer (CEO) of the now-defunct UT Bank and UT Holdings, Prince Kofi Amoabeng, has announced his intention to throw his support behind John Dramani Mahama and the National Democratic Congress (NDC) in the upcoming 2024 general elections.
Mr. Amoabeng, who has in the past aligned with the governing New Patriotic Party (NPP), stated that it's time for him to endorse the former President for another term in office.
In an interview on Kofi TV, the business tycoon cited his seven-year observation since the NPP assumed power in 2016 as the basis for his decision.
"I wasn't NDC as such. My sister was the MP for our area and she was Deputy Minister for Education until the recent reshuffle and of course, I have to support my sister. So people in the NDC think I am NPP but the thing about this is that my genuine friends are in the NDC even though I didn't support them in the past," he said.
He expressed disappointment in the NPP's governance, stating that they have failed to meet the nation's expectations. Amoabeng believes that the time has come for a change, and he sees Mahama as a viable option to lead the country.
"I think we made a wrong experiment and next time I have to make the right choice. So now knowing Mahama and knowing what the NPP has done, I think I have to go fully behind NDC and Mahama to see what he can do for us in his second coming." he remarked.
This is the second time that he has publicly endorsed Mr. Mahama. In January he proposed that Mahama be given a chance again to be President, adding that the current regime has been bad at governance.
“We have tried military coups, democracies, parliamentary type, presidential type and I think the only thing we haven’t tried is somebody who has been President before. So I think it’s John Mahama he has been in the position before and therefore when he comes back. He knows the path to tread,” he said in that interview with Starr FM.
Mr. Amoabeng's UT Bank was among the first few banks to have been shut down by the Bank of Ghana in the financial sector clean-up.
UT Bank before it collapsed made a name for itself as one of the banks supporting Ghanaian businesses, usually providing loans in less than 48 hours. But in 2017, the bank alongside others was cited for poor corporate governance among others, leading to their licenses being revoked.
Mr. Amoabeng has blamed the current government for his bank’s collapse, saying it was politically motivated.
Source: graphiconline
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
UT Bank bought a house for him at the Airport Residential Area, as the Chairman. Amoabeng sold the building and deposited the funds in his son's account in the U. K. You made your girlfriend run your bank aground and it couldn't serve its customers even after JM gave you over GHS600 Million liquidity support through BOG, as your reward for helping Dzata Cement with an illegal loan of GHS300 Million. Your customers couldn't even cash GHS5,000 from any of your branches. You'll of course choose JM over Bawumia for president because JM has promised to return your collapsed bank to you. How he'll do it is a mystery. You chose to be flirting with dirty girls and never behaved like an accomplished business man as you tried to portray to the world.
What did you (Amoabeng) do with the money you collected from your customers? You have the audacity to to talk about government not meeting the expectations of the people. You are lucky you are not in jail. Even before GCB took over your bank most of your competent employees had left because of your mismanagement. You can vote for whoever you want and others also have a choice.
And so what? Everybody have a choice. This is no news. I also support Bawumia over the corrupt Airbus bribeman Mahama.
Yes, why not! So you can smoothly run your corrupt and illegal businesses! God will never allow that!
Corrupt businesses thrive under corrupt regimes. Corruption and Mahama are bed fellows. 24 hour economy will buy more airbus planes for GO1 to steal.
Why not. So that he cant come back to do his illegality. Sh-am=ef=ul and pretenders Your Bank could not meet BoG regulations and was closed down So we dont have laws working in the country? Mahama himself has a credibility problem in his political career So who cares.
So you think he can give your bank back to you.