Former Chief Executive Officer (CEO) of the defunct UT Bank, Prince Kofi Amoabeng says it is unethical for the Finance Minister, Ken Ofori-Atta and his Deputy to involve their private business in government loan transactions.
It has been alleged that Databank and Black Star Brokerage, private investment firms owned by the Finance Minister and Charles Adu Boahen respectively are the financial advisors and Bond Market specialists for government bond issuance.
This situation, Mr Amoabeng laments, is unacceptable as it bothers on conflict of interest, adding that he wonders if the Minister and his deputy are able to sleep soundly at night over this.
"Personally, I don't really care about Databank because of me and Ken and what happened. But I think it is ethically wrong, certain things you don't do just because there is a conflict of interest.
"As it’s been reported that Databank and Black Star have brokerage firms that are benefiting, really? If they can sleep in the night then they are tough people".
Mr Amoabeng, whose UT Bank was collapsed in 2019 by the Finance Minister, made these remarks in an interview with TV3 last Monday, October 3, 2022.
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