Prince Kofi Amoabeng, the founder and former CEO of UT Bank, has expressed his concerns about the International Monetary Fund’s (IMF) involvement in the closure of his bank. Apexnewsgh.com
In a recent interview on Joy FM, Amoabeng questioned the Bank of Ghana’s (BoG) decisions, suggesting that they may have been influenced by external pressures.
Amoabeng’s concerns were sparked by the Bank of Ghana Governor’s assertion that the IMF influenced the decision to close UT Bank. Amoabeng stated that he had always suspected the IMF’s involvement, but couldn’t confirm it until now. He believes that this admission is a sad reflection on Africa’s leadership, which often lacks the independence and will to make decisions that benefit their own countries.
Amoabeng also criticized the manner in which UT Bank was shut down, questioning whether the IMF had instructed the Bank of Ghana to take such drastic measures. He described the closure as a “Rambo-style” operation, with Bank of Ghana officials and police storming the premises at 6 a.m. to remove signage.
Furthermore, Amoabeng argued that the entire UT Group was deliberately targeted, with the Bank of Ghana closing the accounts of all UT companies, including UT Holdings. He questioned whether the IMF had instructed the Bank of Ghana to go after him personally, despite having resigned as CEO 20 months prior to the bank’s closure.
Amoabeng’s concerns extend beyond the closure of UT Bank, highlighting the lack of foresight and concern for stakeholders. He emphasized that the decision had significant implications for staff, investors, and the economy as a whole.
In conclusion, Amoabeng expressed his disappointment in Ghana’s financial leadership and economic sovereignty. He believes that the country’s leaders are too quick to accept dictates from external powers, rather than making decisions that benefit Ghana.
Source: Apexnewsgh.com