Renowned businessman and Executive Chairman of Jonah Capital, Sir Sam Jonah, has vehemently condemned the collapse of the UT Bank, describing it as an economic injustice which has affected the growth of the private sector.
He said government's decision to close down some six banks years ago has had far-reaching consequences, discouraging entrepreneurs from venturing into initiatives to transform Ghana's economy.
Speaking at the launch of The UT Story: Volume 3 by Prince Kofi Amoabeng, Sir Sam Jonah emphasized the need to at all means protect businesses from political influence.
He warned that too much government intervention undermines investor trust and impedes long-term economic growth, and he urged authorities to create a stable and predictable business environment.
