UT Bank collapse an ‘economic injustice’ – Sir Sam Jonah

Sir Sam Jonah, Executive Chairman of Jonah Capital, has strongly condemned the collapse of UT Bank, labeling it a glaring act of economic injustice that has harmed private sector growth in Ghana.

Speaking at the launch of The UT Story: Volume 3 by Prince Kofi Amoabeng, he criticized the government’s decision to shut down the bank six years ago, arguing that it has discouraged entrepreneurs from pursuing transformative initiatives.

Jonah emphasized that excessive political interference erodes investor confidence and undermines the stability of businesses. He described the bank’s seizure as a betrayal driven by malice and envy, sending a chilling message to innovators.

Meanwhile, Amoabeng expressed optimism about the future, urging the younger generation to lead with strong values and reshape Ghana’s economic narrative.