The Bank of Ghana cancelled Prince Kofi Amoabeng’s authorization to run a financial institution in Ghana in 2017. He founded the now-defunct UT Bank.
This caused his bank to fail, which had devastating effects for his finances.
The once-thriving billionaire acknowledged his lack of fortune in a GTV interview.
On GTV, he admitted that he was broke in a conversation with Kafui Dey.
Mr. Amoabeng mentioned that he currently owns a watch and some shoes.
“I don’t have wealth, I’m broke and Ghanaians (those who don’t like people who progress) should be happy [about that],” Mr Amoabeng said.
“But Ghanaians…tend to think I’ve got some wealth stashed somewhere because they are putting themselves in my shoes: they think if they were like me, if they had owned a bank then they would have a lot of money outside but my wealth was in the bank and in the company, so, while the company and the bank were doing very well, I was worth a lot of money but the bank went through losses and so on and so forth, therefore, my capital went with the bank. I think it’s not difficult to understand,” he added.
But Mr Amoabeng had in an earlier interview on TV3 on October 4, 2022, said he had to sell his mansion to prevent himself from getting broke.
NKONKONSA.com