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“I’ve sold my mansion and now leave in an apartment to avoid going broke” – Dr Kofi Amoabeng discloses

Joseph Marfo by Joseph Marfo
October 5, 2022
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“I’ve sold my mansion and now leave in an apartment to avoid going broke” – Dr Kofi Amoabeng discloses
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The founder of the now-defunct UT Bank, Dr Kofi Amoabeng, has spoken cogently about just how life has treated him and still treats him despite the fact that he has lost everything.

Mr Amoabeng, who offered extra details about his present predicament, stated that in order to pay off his liabilities, he had to sell his lavish Range Rover and mansion, in addition to other businesses.

Mr Amoabeng described his transition from luxury to a life of simplicity by selling most of his pricey possessions to Accra-based TV3 after his bank collapsed during the central bank’s banking sector clean-up.

In the interview, he also disclosed that he owns just a shoe and a watch as he tries to live within his new-found modest lifestyle.

Despite having lost many prized possessions in life, Mr Amoabeng ended up sounding very positive about the future because, having endured a significant financial loss, he still drives an Audi with a V8 engine.

“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…I don’t drive Range Rover anymore, I drive a Lexus…I had to sell it (mansion) to organize myself not to get broke,” he stated.

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