• Latest
  • Trending
Did the IMF order you to collapse the whole UT group?- UT bank CEO questions BoG

Did the IMF order you to collapse the whole UT group?- UT bank CEO questions BoG

January 17, 2025
Ablekuma North MP Sworn In as Member of Ghana Shippers Authority Board

Ablekuma North MP sworn in as member of Ghana Shippers Authority Board

July 23, 2025
23-Year-Old Woman Confesses to Killing Her 4-Year-Old Son to Please Fiancé

23-year-old woman confesses to killing her four-year-old son to please fiancé

July 23, 2025
US makes third time exit from UNESCO

US makes third time exit from UNESCO

July 23, 2025
Catholic Bishops Warn Against Electoral Violence, Judiciary Interference

Catholic Bishops warn against electoral violence, judiciary interference

July 23, 2025
The consistent assault on Fire fighters at Fire scenes are unfortunate - Fire commander cries

The consistent assault on fire fighters at fire scenes are unfortunate – Fire commander cries

July 23, 2025
Ghana AIDS Commission Raises Alarm Over Rising HIV Infections Among Youth

Ghana AIDS commission raises alarm over rising HIV Infections among youth

July 23, 2025
Asawase MP Mourns Murdered Kusasi Chief, Urges Calm and Justice

Asawase MP mourns murdered Kusasi Chief, urges calm and justice

July 23, 2025
Upper Denkyira West DCE Outlines Development Agenda; Prioritizes Roads, Sanitation, Education, and Healthcare

Upper Denkyira West DCE Outlines Development Agenda; Prioritizes Roads, Sanitation, Education, and Healthcare

July 23, 2025
Savannah Regional Minister Leads Crackdown on Illegal Mining; 8 Excavators Seized

Savannah Regional Minister leads crackdown on illegal mining; 8 excavators seized

July 23, 2025
Finance Minister to Deliver 2025 Mid-Year Budget Review on Thursday, July 24

Finance Minister to Deliver 2025 Mid-Year Budget Review on Thursday, July 24

July 23, 2025
Parliament passes MahamaCares under a 2025 certificate of urgency Bill

Parliament passes MahamaCares under a 2025 certificate of urgency Bill

July 23, 2025
Education Minister orders GETFund to audit, uncompleted School Projects, Vows to complete them

Education Minister orders GETFund to audit, uncompleted school projects, vows to complete them

July 22, 2025
Happy Ghana
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home News

Did the IMF order you to collapse the whole UT group?- UT bank CEO questions BoG

in News, Top Story
Did the IMF order you to collapse the whole UT group?- UT bank CEO questions BoG

Did the IMF order you to collapse the whole UT group?- UT bank CEO questions BoG

Share on FacebookShare on TwitterShare on Whatsapp

CEO and Founder of former UT bank, Prince Kofi Amoabeng, has raised concern about the role of the International Monetary Fund (IMF) in the closure of his bank (UT Bank) and the manner in which the process was handled.

According to him, although he suspected that the IMF had a hand in the closure of the bank, he was quite unsure if the Bank of Ghana’s decisions were unduly influenced by external pressures.

Speaking in an interview on an Accra based TV station he said, “I had my suspicions that the IMF had a role to play in it, but I couldn’t confirm it. So if you ask me, I believe in what the governor said, that the IMF influenced the program”.

“But then, it’s a sad statement for him to make because it means the leadership in Africa doesn’t have the independence and the will to do what is right for their country, and they have to be dictated to”.

Kofi Amoabeng questioned the alleged involvement of the IMF, highlighting concerns about the controversial and dramatic process used to close UT Bank.

“So, you want to take IMF orders to close local banks. Did the IMF ask them to close UT Bank at 6 a.m. with Bank of Ghana officials and the police in Rambo-style to go and remove the signage? Was that precision by the IMF? So, who did that?”

“Did the IMF tell them that they should also attack the other UT companies, to collapse the whole UT group? Because that’s what they did. They closed the accounts of all UT companies, including UT Holdings. Did the IMF tell them to go after the founder who had resigned 20 months before the closure?” he asked.

Kofi Amoabeng indicated that, the closure of his bank shows the need for strong leadership and safeguarding independence in Ghana’s financial governance.

“What is said is very shallow on the surface. It only exposes the governor’s position, and of course, it shows that the economy is very weak, and we have leaders who just take in anything that is ordered from the imperialists or the developing partnerships, so to speak” he said.

Tags: BoGIMFPrince Kofi AmoabengUT Bank

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Gomoa East NDC congratulates Ekow Okere Panyin Eduamoah on his appointment as Central Regional Minister designate

Next Post

Israel-Hamas ceasefire: Israeli PM’s office confirms first hostage release by Sunday

Next Post
Israel-Hamas ceasefire: Israeli PM's office confirms first hostage release by Sunday

Israel-Hamas ceasefire: Israeli PM's office confirms first hostage release by Sunday

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Ablekuma North MP sworn in as member of Ghana Shippers Authority Board
  • 23-year-old woman confesses to killing her four-year-old son to please fiancé
  • US makes third time exit from UNESCO
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.