The request took place before the collapse of UT Financial Services, according to details preserved in his self-authored book, 'The UT Story: Humble Beginnings.'
"Ken Ofori-Atta and his partner, Keli Gadzekpo came to me with their shares in Enterprise Insurance as collateral for a loan," host Kwami Sefa Kayi stated in an interview on Peace FM's Krokokoo Morning Show, reading some excerpts from the book.
Sefa Kayi questioned Kofi Amobeng, "So, Ken and Keli came to you for loans?"
"I don't lie or you believe they'll say it's untrue," the UT founder responded. It isn't all about me. I wasn't the one disbursing the loans. My entire staff was aware since I had a method, structure, and institution that gave the loans... So, it wasn't like I brought him [Ken Ofori-Atta] to a room and did it behind his back, No! This is a problem with UT Financial Services."
He also confirmed the timeframe of the incident, stating that Ken Ofori-Atta had not yet been named Finance Minister at the time.
In 2017, the Bank of Ghana cancelled the operating licenses of various financial institutions, including UT Financial Services, as part of a regulatory crackdown.
According to the central bank, the lending and deposit-taking institution was declared bankrupt, which prompted the closure.
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