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Wrong Prince Amoabeng?

Prince Kofi Amoabeng

Chief Executive Officer

UT Bank Limited

Direct Phone: +233 ** *** ****direct phone

Email: p***@***.com


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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

UT Bank Limited

25B Manet Towers Airport City

Accra, Greater Accra,


Company Description

UT Bank Limited, commenced business as a finance house in 1997. It evolved from a lending company to a publicly owned Universal Bank, with shares listed and actively traded on the Ghana Stock Exchange. It was awarded Bank of the Year 2011, Most Respected Compa...more

Web References(191 Total References)

Volta River Authority | Archived News [cached]

Mr. Prince Kofi Amoabeng - Chief Executve Officer, UT Bank Limited, speaking at VRA Top 100 Workshop.

UT BANK- CEO Prince Kofi Amoabeng - threesixtyGh [cached]

UT BANK- CEO Prince Kofi Amoabeng
Add Comment kofiii_Fotor_Collage Prince Kofi Amoabeng is the Chief Executive Officer of UT Bank and the President of UT Holdings. He is a retired military officer (Captain) and an investment consultant. He graduated from the premier Business School in Ghana- University of Ghana Business School with a B.Sc Admin (Accounting). He is a fellow of the Chartered Institute of Management Accountants (CIMA-UK) and a member of Chartered Accountants CA (GH). Early Life Prince Kofi Amoabeng was born at Bososo on 22nd February 1952 in the Eastern Region of Ghana. He traces his ethnic roots to his matrilineal hometown of Kukurantumi, also in the Eastern Region of Ghana. Education He attended Adisadel College in Cape Coast after passing his Common Entrance examination at Penworth Preparatory School, a boarding institution for boys in Accra, in 1964, and completed his sixth form at St. Peter's Secondary School at Akwatia. He attended the University of Ghana, Legon, where he obtained a 2nd class upper in Administration with an Accounting major. Mr. Amoabeng left the army in May 1982 on principle. This was six months after the return of the country to military rule as this was against everything he stood for.

Fuse ODG excited about winning GUBA Award [cached]

Prince Kofi Amoabeng - CEO UT Bank

Enactus [cached]

Prince K. Amoabeng
CEO, UT Bank

Our Story, Your Story: Prince Kofi Amoabeng - Stratcomm Africa [cached]

Prince Kofi Amoabeng
Prince Kofi Amoabeng, Chief Executive Officer of UT Bank, President of UT Holdings Prince Kofi Amoabeng, Chief Executive Officer of UT Bank, President of UT Holdings Frustration is an emotion we are all too familiar with. It has the ability to consume every morsel of our being and can turn the sweetest little angel into a ball of raging madness. It creates a powerhouse of energy within us begging to be unleashed. The million-dollar question is how exactly do we deal with this pent up energy? Do we burst at the seams with a thirst for destruction or do we harness this surge into a hunger for construction? In 1997, Prince Kofi Amoabeng was frustrated! Tired of being rejected, he conceptualized the idea of setting up a 'finance house' to provide timely and appropriate finance for businessmen like himself who were struggling to receive financial assistance from the traditional banking sector. The journey of Prince Kofi Amoabeng began in 1952, on the 22nd of February in the small town of Bososo in the Eastern Region of Ghana. He attended Penworth Preparatory School-a boarding school for boys-where he wrote and passed his Common Entrance exams in 1964. This granted him entrance to Adisadel College in Cape Coast, after which he attended St. Peter's Secondary School at Nkwatia. After completing sixth form he went on to obtain a degree in Business Administration with a major in Accounting from the University of Ghana. Shortly after completing his education he joined the Military Academy in April of 1975 and by November he was commissioned as a Lieutenant. These early experiences deeply shaped his personality and beliefs. As a result of his brilliance and hard work Mr. Amoabeng won a scholarship to study at the Royal Army Pay Corps where he qualified as an accountant within one and a half years, and then decided to come back home. At the time the country had recently returned to civilian rule. However, he had to leave the army when the military took over again in December 1981. Following his exit from the Military, Mr. Amoabeng was ready to venture into business. Nevertheless, success did not come easy to him. He tried his hands at a number of enterprises before grasping his big ticket to prosperity. In addition to other jobs, he taught at the Ghana Stock Exchange and his excellence in this field made him a key resource person. He made time to run a consulting firm and was also into oil procurement. Mr. Amoabeng facilitated the entry of the French petroleum company Elf into Ghana and owned interests in businesses such as K K Power & Co ltd, Opayesco Wood Processing Co Ltd, P. K. Amoabeng Enterprise Ltd, Schiewer Gh. Ltd. With all the evidence of ambition, hard work and accountability demonstrated throughout his life the banking sector refused to support his ventures. His efforts to sustain the various businesses were thwarted. Time and time again, his pursuit for funds to grow his businesses was unfairly rejected by the banks. Subsequently, he was unable to take advantage of many business opportunities that came his way. He possessed all the necessary qualities required to qualify for financial support and was well informed but it seemed almost impossible to attain assistance. The banking sector was simply unfriendly to businessmen. He sat down and pondered on whom exactly the banks lent money to and why. Eventually, he came to the disappointing realization that the banking sector was hardly supporting economic ventures. With his back against the wall and nowhere to turn, Prince Kofi Amoabeng decided to take matters into his own hands. He was tired of hearing "No" and was determined to change the status quo for himself and every other entrepreneur who found themselves trapped in the same pit of sinking sand. With support from friends and family he rolled up his sleeves and took the plunge. The required systems that would facilitate the operations of Unique Trust Financial Services were not in place but this did not stop Mr. Amoabeng from achieving his goals. He always overcame obstacles and refused to look back. Where the country lacked structures and institutions that were essential to the survival of the business such as a physical address system, he created his own system using Cartography to sketch the directions to clients' collateral. In some cases, the police could not be relied on to bring defaulters to justice and going to court never really yielded results. So UT Financial Services came up with its own effective measures that ensured that clients paid back loans. Challenges only strengthened the will and expertise of Mr. Amoabeng. Through perseverance and a firm focus Mr. Amoabeng has been able to create such a respected company that it comfortably scooped the Bank of the Year Award 2011 at the Ghana Banking Awards. The long list of honors and awards confirm the good works of the organization and today make all the sacrifices of Mr. Amoabeng worthwhile. However, being adorned with the title of Ghana's Most Respected CEO thrice-2008, 2010, and 2012-does not rank as high a priority for Mr. Amoabeng as service to first his company and then to his country. From his experiences, he believes the only true way to run a successful business is to subordinate yourself to the company and comply with the company's rules and policies. This wise man is Prince Kofi Amoabeng. From his humble beginnings he has defied the odds and maintained a seat as CEO of UT for seventeen years. Challenges strengthen people. As they arise we surmount them, learning from them to build a better and bigger company. Prince Kofi Amoabeng spearheaded financial lending services in Ghana and was the archetype for many of the financial institutions we benefit from today. What will YOU be remembered for tomorrow? Our Story, Your Story: Prince Kofi Amoabeng

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