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I WILL ADOPT HARSHER TACTICS TO GET MONEY FROM DEBTORS IF I START UT BANK TODAY – Kofi Amoabeng

Prince Kofi Amoabeng, a well-known businessman and the former CEO of the now-defunct UT Bank, has stated that even though some Ghanaians have not forgiven him for using strict methods to get them to pay back money they owed him, he would use even harsher tactics if he started UT Bank again in order to recover his money.

Last Wednesday, Prince Kofi Amoabeng lamented the pessimistic outlook of certain Ghanaians who would rather blame a creditor for demanding that his debts be paid than the debtor who is refusing to repay, during the second Ignite Public Forum at the University of Cape.

He struggled to understand why he would go to such lengths to help others financially only for them to default on their debt repayments for no apparent reason, leaving him to bear the financial burden of paying someone else’s debt.

“We did not even know how to lend and collect the money back. We had not done it before, except that I believed that I could do it. And I was going to use my soldier tactics – whatever – to collect my money if you didn’t pay me; because I won’t let you take that money which belongs to other people and I have to pay them. And it is one thing Ghanaians, some Ghanaians, haven’t forgiven me for the harsh way I went at them to get my money back.

But I will never ever understand that you come to me with your problem; I take my time to listen and we structure of helping you; we agree that it will suit your purpose and we sign the contract; then you default. Business is business. At least I expect you to come and tell me that “it didn’t go”. You don’t come. I call you. You don’t pick up. I come to your house; you’re not there.

And Ghanaians expect that I will sit down and allow you to chop people’s money and I will carry the headache? It’s never going to happen.

If I had to start it today, it problem will be worse because we are negative-thinking people. The person who sets out to help you, when they default, Ghanaians are on their side. “That man, a small amount he has taken…a small amount? Bring my money back to me,” he stated.

 

 

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