Prince Kofi Amoabeng

Prince Kofi Amoabeng (born February 22, 1952) is a Ghanaian business man and a former military officer of the Ghanaian Armed Forces. He was a co-founder of UT Bank which collapsed in 2017 during Ghana's banking crisis and amid allegations that he had misappropriated funds from the bank. He is currently subject to ongoing court battles regarding these allegations following his arrest on 14th January 2020 and release on bail of 110 million cedis. He has claimed the charges have a political basis.

In January 2020, Mr. Amoabeng was charged with the embezzlement of a total amount of 59.9 million Ghana cedis from UT Bank. Mr. Amoabeng was a cofounder of the bank which collapsed during Ghana's banking crisis. The original charges were subsequently dropped and the prosecution intends to bring other charges. He has claimed the charges have a political basis as he has never provided support to either main political party.

Prince started his schooling at Penworth Preparatory School, a boarding school in Accra. He had his secondary education at the St Peter's Secondary School at Nkwatia Kwahu and Adisadel College in Cape Coast Ghana before proceeding to the University of Ghana for his undergraduate degree. He received a Bachelor of Science in Administration degree in 1975 with 2nd Class Upper Honours from the University of Ghana Business School.After joining the military, he won a scholarship from the Ministry of Defence to pursue a course at the Royal Army Pay Corps where he qualified as an accountant within 18 months and decided to return home upon graduation.

Prince began his career in the Ghana Armed Forces when he joined the Ghana Armed Forces after undergraduate degree from the University of Ghana in April 1975. He was commissioned as a Lieutenant in November 1975.

Prince was born on 22 February 1952 in Bososo in the Eastern Region of Ghana.