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Don’t accept chieftaincy titles; it’ll drain your finances and time…Kofi Amoabeng tells business owners
A co-founder of the now-defunct UT Bank, Prince Kofi Amoabeng, has advised businessmen to be wary of chieftaincy titles.
According to Kofi Amoabeng, accepting these titles will drain their finances and time.
He admonished them (business owners) to keep pastors, politicians at bay if they want their businesses to thrive forever.
Even though he agrees that politicians are “necessary evils”, a businessman must not necessarily engage them at all times.
Prince Kofi Amoabeng made these remarks during the 25th-anniversary launch of Fairgreen Limited in Accra on July 26.
“Politicians and pastors are necessary evils because they can give you the right connections. However, they also need to milk you, and they can raise your company to a high status if you have the right relationships. But be careful. Don’t accept chieftaincy titles.”
“They will drain your finances and time, and you will be responsible for the expenses of durbars. These are the things that have set this country back. Make sure you don’t fall prey to any of them, whether it’s the church, chiefs, politicians, or your own families. You have to navigate carefully,” he advised.
He also urged business owners to fire their family and friends who they go against the company rules.
“When you start a business, you are under the radar and can be a bit protective. But as you grow, you come under pressure. I call this pressure ‘dealing with the devil.’ You must deal with them. You can’t avoid them. Family, friends, and relatives will ask why you are always employing strangers when your family members are available.”
“They want to kill the company. You need to be strong enough to fire them when they do something wrong. If you don’t have the will to fire them, don’t appoint them,” he urged.
source:Myjoyonline.com
The Ashanti South Regional Police Intelligence Directorate has arrested two suspects in connection with a robbery attack on an Indian national in Obuasi and a separately planned robbery operation targeting a distribution company in the same area.
On April 16, 2026, Police received credible intelligence that a group of armed men were planning an attack in Obuasi. A police team moved swiftly into the area and arrested suspect Iddrisu Fuseini, also known as “Iddi”, at his hideout in Bedieso, Obuasi.
During interrogation, he confessed to being part of a six-member gang that attacked an Indian national at his residence at New Baakoyeden, Obuasi, on April 12 2026, robbing him of GH₵150,000.00.
He disclosed that the attack was orchestrated following a tip-off from suspect Ibrahim, an employee of the victim, who informed the gang that the victim kept large sums of money.
Further investigations led to the arrest of a second suspect, Shaibu Mohammed, also known as “SM” or “Cicinati”, on 20th April 2026 at his hideout in Gausu, Obuasi. During interrogation, he admitted to participating in the planning of the robbery and confirmed that the gang had further planned to rob a distribution company near Mawuli Hotel in Obuasi.
Investigations have further revealed that both suspects are currently standing trial at the Obuasi Circuit Court in connection with a separate robbery of GH₵600,000.00.
A manhunt is ongoing to arrest the remaining accomplices, identified as Khalifa, Edward, Prof, Waddle, Ebbe, and Ibrahim, and to recover a pump action gun and a locally manufactured pistol believed to be in their possession.
The Inspector-General of Police (IGP), Mr. Christian Tetteh Yohuno, together with members of the Police Management Board (POMAB), on April 17, 2026, decorated nineteen (19) senior officers who have been promoted to their next ranks based on the recommendations of the Police Council and approval of the President, John Dramani Mahama.
The ceremony, held at the National Police Headquarters in Accra, forms part of efforts to recognise merit, dedication, and long-standing service within the Ghana Police Service, while strengthening leadership across key operational and administrative levels.
The officers promoted from Deputy Commissioner of Police (DCOP) to Commissioner of Police (COP) are Dr. Luke Asue-In-Yeng Zakpaa, Mr. Frederick Agyei, Mr. Duuti Tuaruka, Mr. Arthur Osei-Akoto, Mr. Darko Offei Lomotey, Mr. Eric Ken Winful, Mr. Barnabas Nambont Nasumong, and Mr. Desmond Owusu Boampong.
The IGP and members of POMAB congratulated the officers and urged them to uphold the highest standards of professionalism and integrity in the discharge of their duties.
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