Home Editor's Pick Rashad Writes: It's insane to link the fold up of UT Bank...

Rashad Writes: It’s insane to link the fold up of UT Bank to Kofi Amoabeng’s refusal to pay tithe

Since yesterday, the biggest topic in Ghana is the annulment of the license of UT Bank and Capital Bank and the subsequent take over by Ghana Commercial Bank(GCB).

Whiles experts on banking and financial institutions are in deep research trying to find out why the UT Bank, one of the most patronized banks in Ghana and Capital Bank, the bank that won the most promising bank last year at the 2016 Banking Awards could just fold up within a twinkling of an eye, some Ghanaians are attributing the fold up to the spiritual standing of Kofi Amoabeng.

Prince Kofi Amoabeng

SEE: UT Bank And Capital Bank Taken Over By GCB And Here’s All That You Need To Know

Last two years, Kofi Amoabeng the owner of UT Bank publicly declared on Starr FM that he does not pay tithe and he does not intend to give his 1/10th of his income to anybody to be used as he/she sees fits anytime soon.

Prince Kofi Amoabeng, president of UT Holdings—the holders of UT bank and other companies said:

“I don’t pay tithe. I would not give 10 percent and nobody can force me to give 10 percent of my money to anybody. So I don’t pay tithe. I do all sort of philanthropic jobs myself. I see where there is the need for me to help and I help.”

“I don’t have to give it to somebody who then decides where to put the money. So it is my hard earned money and I should put it where I want to put it.”

Two years down the line, UT Bank has had its licensed revoked and has been taken over by GCB and the holier than thou Ghanaians are attributing this fold up to his refusal to part with 1/10th of his income.

A WhatsApp message that is going viral states:

Prince Amoabeng, former CEO of UT bank once said that he doesn’t believe in tithing and therefore do not pay tithes.He further added that it is only fools who go and give their monies to pastors in the name of tithing. He was very happy and proud when he said that.

But three years after his ignoramus statement, I woke up today to only read from newspapers that his UT empire is on the verge of collapsing and GCB has taken over.

I wonder what might be going through his head now. You’re not wiser than God. Tithing is not something you give to God in a form of favor. Tithing is what you owe God. Don’t let anyone deceive you.

Prince Amoabeng said it is only fools who pay tithes. But I also say to you that, it is only fools who don’t pay tithes. Don’t try to outsmart God.

How does this make sense to anyone? How? Capital Bank is chaired by Reverend Dr. Mensah Otabil who recently requested his congregation to pay as much as $5000 for a financial blessing from God. Yet it has also collapsed and under the control of GCB today.

Besides Reverend Dr. Mensah Otabil, Capital Bank has one other Reverend, Rev. Edwin Obeng Donkor as its board member. Don’t they pay their tithe? or what are the proposers of this insane reason trying to tell us?

UT Bank has employed over 1000 people who earn their bread from the company. It has over 40 branches all over Ghana. And I believe some of them are devout Christians who pay their tithe dutifully. Now God will take their bread away because their chairman does not pay his tithe? What kind of God is that?

Dr. Mensah Otabil recently said: “Modern day born again Christians don’t think and they are easily deceived”. He couldn’t have said it any better.

You prefer he gives his money to some extravagant pastor who has an addiction to flashy cars and expensive suits to enjoy as he sees fits right? Philanthropy is the greatest form of love and if your God doesn’t see that then he is a different kind of God.

It’s will be reasonable for those propagating such flimsy tithe solution to keep quiet for the serious minded people to diagonalize the causes and find a way forward.

North Korea Bank, Bank of India and Bank of China do not give the 1/10th of their income to some pastor to enjoy yet they keep prospering.

Christianity is doing more harm than good to Africans.It’s about time some African’s start using their brain. It’s free of charge if you put it to work.

SEE ALSO: 14 Ghanaian Celebrities Who Are Not “Full Ghanaians” -See Their Other Nationalities

Get Ghana Latest News in your inbox each morning.


    Why are you condemning and blaming him for the collapse of the Bank simply because he doesn’t pay your kind of tithe?
    Did the bank collapse because he doesn’t pay tithe?

    Otabil is a man of God (who maybe pays tithe…we can’t tell who he pays it to though), he owns 10% shares in Capital Bank yet with all his strategic business teachings and preaching of the word of God, his bank has collapsed! Does it mean Otabil does not pay tithe that’s why he has lost his 10% shares which could have built another university college?

    Again, Otabil’s church, ICGC owns 3% of shares in Capital bank; yet with all the unity of purpose in prayer and supplication of the entire church across the country, the bank has still collapsed! Does it mean the church is evil that’s why they lost their 3% shares?

    What’s even more, Pastor Otabil is the Chairman of capital bank. So why couldn’t his tithe and prayers save the bank from collapsing nor save his 10% and the 3% of his church?

    Why don’t you so-called Christians condemn Pastor Mensah Otabil too for collapsing Capital Bank? Is it that you are ignorant or you guys are just great hypocrites?
    Come on, give us a break and think straight! Stop being gullible Christians with semi or no knowledge!

    Why are the-poor-in-mind so quick to judge and mock people and conclude on issues without searching for the cause of those failures?

    Today it’s someone’s misfortune; tomorrow it may be yours! Today they are in trouble; tomorrow you may be a victim of an unknown victimization and vilification! LET US BE QUICK TO LISTEN BUT SLOW TO CONDEMN!

    It’s so annoying how we have allowed religion to erode our sense of fair judgment!

    It’s a beautiful shame how we vilify and destroy our fellow humans (especially our fellow blacks) when they are in trouble! IF YOU CAN’T HELP YOUR FELLOW BLACK MAN TO SUCCEED IN HIS/HER BUSINESS then PLEASE SHUT YOUR MOUTH UP BEFORE IT BRINGS OUT THE EMPTINESS IN YOU….the poverty of thinking of Africans must stop!

    Akoto is the name; I SPEAK THE TRUTH YOU DON’T WANT TO HEAR!


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read

Mind-blowing exposè on NAM1 issues from Ekow Taylor and why the gov’t of Ghana ‘desperately want’ him jailed

Kelvin Ekow Taylor, the host of "With All Due Respect - Loud Silence Media" has given a mind-blowing exposè on the ongoing Nana Appiah...

Ghanaian young man in shock as his fiancé denies him on live radio

A young lady is trending on social media after she boldly and confidently denied her boyfriend on live radio when she thought it was...

Vicky Zugah and her pastor were almost beaten when she went to beg the woman who cursed her for snatching her husband

Ghpage.com reported yesterday that Vicky Zugah has finally been released from the curse placed on her by the married woman who cursed her 10...

Ebony’s dad, Sister & mum meet for the first time one year after her death

After Ebony Reigns funeral service in February 2018, little has been heard about her mother. Although Starboy Kwarteng, Ebony’s father has dominated the media...

How Princess Shyngle made her stomach and waist surgery revealed

A social media user has taken her time to expose Ghanaian based Gambian D-List actress, Princess Shyngle for her continues denial of undergoing surgery...

Rev Obofour’s old friend sends strong warning to him

A prophet who claimed to be an old friend of the founder and leader of Anointed Palace Chapel (APC), Rev Obofour has sent a...

Rev Obofour’s old friend exposed for using semen for rituals

The man of God who claimed he used to be a good friend of the founder and leader of Anointed Palace Chapel, Rev Obofour...

Sarkodie set to release new ‘diss’ song directed at Shatta Wale

Award-winning Ghanaian rapper Michael Owusu Addo popularly known as Sarkodie and dancehall artiste Shatta Wale used to be very good friends. However, their relationship turned...

Kunta Kinte finally details how he suffered a stroke at age 21

Kunta Kinte of popular music duo, Bradez has finally given a detailed explanation on how he was bedridden for years with stroke. According to the...

Mzbel fires Afia Schwarznegger again; claims she needs help

Ghanaian hiplife artiste, Belinda Nana Ekua Amoah popularly known as Mzbel has hit back at her former best friend Afia Schwarzenegger over accusations she...