I don’t drive Range Rover again but Lexus – Amoabeng on ‘Upgrade’

• Posted on October 5, 2022
• by Nana Kwesi Coomson
• Comment

Founder of the now-collapsed UT Bank Prince Kofi Amoabeng has thrown light on how he has been living after his bank went down under during the banking sector clean-up by the Bank of Ghana (BoG) in 2017.

Asked how he has been doing in an interview on Business Focus on TV3 with Paa Kwesi Asare on Monday, October 3, he answered: “I have seen it virtually all the way to the top and I have seen it all the way to down. So, if I say I want to impact people and give them some leadership skills it is a complete thing, it is not like I have read from book and I am telling you what to do.

“I have experienced it from Kantamanto all the way to the most respected CEO and I have seen it go down. So it is a complete 360. So when I have to give or talk to people it is coming from my heart. I am quite passionate about it, I want them to avoid the potholes.”

“You must be liquid then, selling all these businesses?” he was asked by the host, Paa Kwesi.

In answer, he said: “No we didn’t sell the[businesses] they are running. They didn’t have much value, we sold to pay debt and even the debts are not fully paid .

Asked whether he is a man of straw, Mr Amoabeng answered: “I can be a man of straw, I am 70, I have kids that I have educated. I am not saying I live off them but I am quite frugal with with my life. I have one watch, I have one shoe so I don’t need much money. I don’t have to have a lot of money to enjoy life.”

“But you are comfortable?” host Paa Kwesi further probed.

He replied: “I am very comfortable and I have been blessed big time.”

“I don’t drive Range Rover anymore, I drive a Lexus.

“It is an upgrade. I live in an apartment and I am quite comfortable.”

“You sold your mansion for an apartment?” Paa Kwesi asked.

“I had to sell it to organize myself not to get broke,” he said.

By Laud Nartey