The
Bank
of
Ghana
has
asked
Daasebre
Akuamoah
Agyapong
II,
the
Omanhene
of
the
Kwahu
Traditional
Area,
to
resign
as
chairman
of
the
Agricultural
Development
Bank
(ADB)
Board.
The
directive
came
after
allegations
of
misbehaviour
concerning
a
transaction
for
GH¢2
million
were
deemed
to
be
false.
In
a
letter
to
Agyapong
II,
the
central
bank
stated
that
his
position
was
untenable
following
the
issue.
According
to
Citi
News,
the
directive
complies
with
Section
103(2)(d)
of
the
Banks
and
Specialised
Deposit-Taking
Institutions
Act,
2016
(ACT
930).
The
allegations
against
Daasebre
Akuamoah
Agyapong
II
initially
became
public
after
a
whistleblower
filed
a
formal
petition
with
the
President’s
office.
Aboagye’s
appeal
alleges
misconduct
involving
the
Board
Chairperson
and
the
GH¢2
million
transaction.
According
to
reports,
the
acquisition
could
lead
to
conflicts
of
interest
and
impaired
fiduciary
duties.
Daasebre
Akuamoah
Agyapong
II
was
named
chairman
of
the
board
of
directors
in
2021.