Prince Kofi Amoabeng

Prince Kofi Amoabeng (born February 22, 1952) is a Ghanaian business man and a former military officer of the Ghanaian Armed Forces. He was a co-founder of UT Bank which collapsed in 2017 during Ghana's banking crisis and amid allegations that he had misappropriated funds from the bank.[1][2][3][4][5][6] 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.[7][8][9] He has claimed the charges have a political basis.

Prince Kofi Amoabeng
Born
Prince Kofi Amaobeng

(1952-02-22) 22 February 1952
NationalityGhanaian
EducationAdisadel College, Ghana
Alma materRoyal Army Pay Corps and University of Ghana
OccupationBusinessman
Years active1982 – 2015

Early life

Prince was born on 22 February 1952 in Bososo in the Eastern Region of Ghana.[10]

Education

Prince started his schooling at Penworth Preparatory School, a boarding school in Accra. He had his secondary education at the St Peter's Secondary 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 in Administration degree in 1975 with 2nd Class Upper Honours from the University of Ghana Business School.[11][12] 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.[13]

Career

Prince began his career in the Ghana Armed Forces when he joined the Ghana Armed Forces after undergraduate degree from the University of Ghana in April 1975. He was commissioned as a Lieutenant in November 1975.[14]

Personal life

Prince is single.

Awards and recognition
  • Lifetime Achievement for Innovation in Africa, 2013
  • Johnnie Walker Giant, 2012. A global "Walk With Giants" campaign.
  • Overall Best Entrepreneur in the Maiden Ghana Entrepreneurs Award (2011)
  • One of two Ghanaians profiled in Moky Makura’s book on Africa’s Greatest Entrepreneurs which profiles 16 of Africa’s top entrepreneurs.
  • Ghana’s Most Respected CEO for 2008/2010/2012.
  • National Honours for an Order of the Star of the Volta- Officer’s Division presented by the
  • President of Ghana in 2008.
  • (CIMG) Marketing Man of the Year 2006

Controversies and Allegations

In January 2020, Mr. Amoabeng was charged with the embezzlement of a total amount of 59.9 million Ghana cedis from UT Bank. Mr. Amoabeng was a cofounder of the bank which collapsed during Ghana's banking crisis.[15] The original charges were subsequently dropped and the prosecution intends to bring other charges.[16] He has claimed the charges have a political basis as he has never provided support to either main political party.

References
  1. "I've learnt my lessons, I'll bounce back – Kofi Amoabeng". Retrieved 14 August 2018.
  2. "BUSTED: Finally UT Bank Boss-Kofi Amoabeng Speaks | Says I Do Not Have Any Son With Mzbel". Ghanacelebrities.com. 12 June 2015. Retrieved 14 August 2018.
  3. "Prince Kofi Amoabeng - BizNis Africa". BizNis Africa. 18 February 2016. Retrieved 14 August 2018.
  4. "Book Prince Kofi Amoabeng as keynote speaker | Chartwell Speakers". Expert Keynote and Motivational Speakers | Chartwell Speakers. Retrieved 14 August 2018.
  5. Buabeng, Albert Benefo. "Judicial Corruption: Queen mother wants case with UT boss Kofi Amoabeng reopened". Retrieved 14 August 2018.
  6. "B&FT Archives". thebftonline.com. Retrieved 14 August 2018.
  7. "Kofi Amoabeng granted ¢110m bail". Myjoyonline. 14 January 2020. Retrieved 16 January 2020.
  8. "Kofi Amoabeng 'summoned to court'". The Ghana Report. 14 January 2020. Retrieved 14 January 2020.
  9. "Kofi Amoabeng granted GH₵110m bail as state slaps charges". The Ghana Report. 14 January 2020. Retrieved 14 January 2020.
  10. "Prince Kofi Amoabeng Biography - Age, Family, Education, Net-worth, Personal Life". Age, Family, Education, Net-worth, Personal Life. 26 May 2018. Retrieved 14 August 2018.
  11. Africa, Rising (18 January 2015). "Prince Kofi Amoabeng (CEO of UT Bank in Ghana) – My story". RisingAfrica.org. Retrieved 14 August 2018.
  12. "From army officer to UT Bank CEO: Interview with Prince Kofi Amoabeng". How We Made It In Africa. 7 October 2013. Retrieved 14 August 2018.
  13. "The Fascinating Story Of Prince Kofi Amoabeng - The Ghanaian Times". www.ghanaiantimes.com.gh. Retrieved 14 August 2018.
  14. "The Fascinating Story Of Prince Kofi Amoabeng - The Ghanaian Times". www.ghanaiantimes.com.gh. Retrieved 14 August 2018.
  15. Hawkson, Emmanuel Ebo (14 January 2020). "Prince Kofi Amoabeng and Michael Nyinaku charged with stealing". Graphic Online. Retrieved 25 January 2020.
  16. "State discontinues case against Prince Kofi Amoabeng". Graphic Online. Retrieved 5 February 2020.
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