Ghanaian banker and former owner of the defunct UT Bank, Kofi Amoabeng has said that in order not to go broke after his bank collapsed, he has to resort to living a modest life instead of being flashy with his lifestyle.
According to Kofi Amoabeng, his life has been a complete 360, therefore he does not need too much money to enjoy life.
Dr. Kofi Amoabeng made this submission during an interview on ‘Business Focus’ on TV3.
“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 a 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
“You must be liquid then, selling all these businesses?” he was asked by the host, Paa Kwesi.
Responding, 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.
is coming from my heart. I am quite passionate about it, I want them to avoid the potholes.”
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 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 any more, 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.
Source:Ghgossip.com
