Prince Kofi Amoabeng

Prince Kofi Amoabeng

Prince Kofi Amoabeng, born in 1952, is a retired army Captain, a fellow of the Chartered Institute of Management Accountants, United Kingdom, and a respected Ghanaian entrepreneur. He caused a paradigm shift in the lending industry in Ghana by founding Unique Trust Financial Services with three employees and grew it into a robust holding company, UT Holdings, with several subsidiaries both locally as well as in Africa and Europe.

After listing on the Ghana Stock Exchange with a market capitalization of 90 million USD, UT Financial Services Limited bought a foreign-owned bank and rebranded it as UT Bank. Through resolute leadership and ingenuity, UT Bank grew rapidly and transformed the banking landscape with ground-breaking customer-oriented products and innovations.

UT brand became a household name, transforming lives and winning several awards along the way. Prince Amoabeng’s leadership was recognized with several awards and honours including: the Order of the Star of the Volta, Officers’ Division; Marketing Man of The Year (Chartered Institute of Marketing Ghana, 2006); Most Respected CEO (three consecutive times, 2008, 2010, 2012); Johnnie Walker Giant (global “Walk With Giants’ campaign, 2012); profiled in Moky Makura’s book, “Africa’s Greatest Entrepreneurs”.

Unfortunately, UT Bank’s licence was revoked in 2017 in what the Bank of Ghana referred to as the “Banking Sector Clean-up Exercise”. However, the celebrated CEO remains active in business and social circles, and is known for his philanthropic work.

The reverses that he has suffered and survived in his career have strengthened his unwavering belief that Ghana in particular and Africa in general, needs entrepreneurs, be it corporate or social, who can rewrite the African narrative through ingenuity anchored on a resolute and honest leadership.