Founder and CEO of UT Bank, Prince Kofi Amoabeng, has indicated that he does not intend running for President because age is not on his side.
The 63-year-old businessman, who recently announced his retirement from UT Bank, told Morning Starr host Robert Nii Arday Clegg on Friday that he was too old to take the mantle to govern the nation.
“If I’m even too old to run a company and I’m getting out of UT then I may be too old to run for president,” Mr Amoabeng said.
Ghana’s president John Mahama is 56-years-old and one of the youngest to govern the nation. His arch-rival, Nana Akufo-Addo, flagbearer of the biggest opposition party, New Patriotic Party (NPP), is 71-years-old.
The Progressive People’s Party’s 2012 presidential candidate, Dr Paa Kwesi Ndoum, who is still politically active and has hinted at partnering like-minded parties to run for the 2016 elections, is 62-years-old while Nana Konadu Agyeman-Rawlings, a former First Lady and leader of the National Democratic Party (NDP), is 67-years-old.
Also, 70-year-old Dr Edward Mahama, who has run for multiple times on the ticket of the People’s National Convention (PNC) recently picked nomination forms of his party to run again.
Despite falling within the age range of some of the flagbearers and flagbearer-aspirants, Mr. Amoabeng, who dropped a military career to follow a profession in finance, which evolved from UT Financial Services – established in 1997 – to UT Bank, said 63 is too old an age for him to plunge into a presidential race.
Currently, UT is a holding company with seven subsidiaries with a staff strength of over 900 people and 27 branches scattered across seven regions in Ghana, with an estimated turnover of $30 million.
Mr Amoabeng was the CIMG Marketing Man of the Year in 2006 and was honoured with the Order of the Star of the Volta (Officer’s Division) in 2008.