The Bank of Ghana (BoG) has asked the the Board Chairman of the Agricultural Development Bank (ADB), Daasebre Akuamoah Agyapong II, to resign from his position with immediate effect.
The directive follows allegations of a fraudulent transaction to the tune of GH¢2 million, which, according to the BoG, has cast a shadow over the leadership of ADB.
A Thursday, October 10, 2024 letter addressed to the Kwahumanhene and the Board Chair of the ADB said his “continued holding of office as a Director of the ADB has become untenable due to the irreparable damage these events have caused to the image of the bank.”
The BoG also indicated in the statement that the directive is “in accordance with Section 103 (2)(d) Banks and Specialised Deposit-Taking Institutions Act, 2016 (ACT 930), you are directed to immediately resign from your position as a director of the ADB and appropriately handover.”
A whistleblower, Collins Darkwa Aboagye, after filing a petition to the Office of the President, made the allegations against Daasebre Akuamoah Agyapong II public.
In his petition, Mr. Aboagye provided detailed accusations of misconduct involving the Board Chairperson in relation to the said GH¢2 million transaction, which is said to be fraught with potential conflicts of interest, financial mismanagement, or other actions that may have compromised the fiduciary duties expected of a person in such a high-ranking position.
