One of the hardest choices he had to make while in the army was to quit, according to the former Chief Executive of the now-defunct UT Bank who is also a retired military captain.
He claimed that despite having the desire to fulfil his ambition of joining the military, he was forced to quit because he opposed a coup d’etat that had taken place.
He hastened to emphasise that after leaving, he was immediately recognised as a businessman.
My aim was to become a military general, said Kofi Amoabeng Captain (rtd) in a Facebook post. My choice to leave the Army was the hardest one I had to make. I departed because I disagreed with the recent coup d’état.
“I stumbled into being a businessman. Your character and values, not your dreams and aspirations, define who you are, he argued.
The banking sector clean-up initiative in 2019 had an impact on financial institutions like Kofi Amoabeng’s UT Bank.
Kofi Amoabeng said that many people believe he is still wealthy despite the fact that his bank failed a number of years ago in an interview with GTV that was seen by GHBREAKINGNEWS.COM on Friday, February 17, 2023.
He continued by saying that while he lost all of his capital when the government closed down his bank, he is now able to obtain what he needs to survive.
“I don’t have money; I’m broke, and Ghanaians should be happy, except for those who dislike progress.” Because of who I was when I was that, it doesn’t matter… I only had this particular watch, and I only wore one shoe. As I continue to wear the same shoe and only one watch, it is irrelevant to me.
But since they are placing themselves in my position and believe they would have a large amount of money outside if they were like me and had owned a bank, Ghanaians frequently assume that I have fortune hidden somewhere.
“But my fortune was in the bank and in the company; therefore, when the company and the bank were doing very well, I was worth a great deal of money, but the bank suffered through losses, and so on, and so forth; consequently, my capital went with the bank. It shouldn’t be hard to comprehend, in my opinion,” he remarked.