Renowned businessman Sir Sam Jonah has spoken out against the collapse of UT Bank, labeling it a glaring act of economic injustice against private sector growth. Apexnewsgh reports
According to Jonah, the government’s decision to shut down the bank six years ago has had far-reaching consequences, discouraging entrepreneurs from pursuing innovative initiatives that could transform Ghana’s economic landscape.
Jonah’s comments came during the launch of “The UT Story: Volume 3” by Prince Kofi Amoabeng, where he emphasized the need to shield businesses from political interference. He urged policymakers to create a stable and predictable business environment, warning that excessive state involvement can erode investor confidence and hinder long-term economic progress.
Jonah described the seizure of UT Bank as “one of the most egregious acts of economic injustice perpetuated by the state,” driven by malice, deceit, envy, and jealousy. He believes that this collapse not only affected the bank but also undermined the idea that Ghanaians can build and succeed on their own.
Prince Kofi Amoabeng, the founder of UT Bank and author of the book, expressed optimism about bouncing back stronger. He encouraged the younger generation and businesses to make bold decisions that can transform the nation. Amoabeng’s vision goes beyond rebuilding the bank; he aims to groom and create leaders with the right values who can change the narrative.
The launch of “The UT Story: Volume 3” was attended by distinguished CEOs and business leaders from various sectors of the economy. The first copy of the book was sold for a whopping GHS 50,000.
Source: Apexnewsgh.com
