Rejoinder: Kwahumanhehe Akuamoah Agyapong II Has Not Been Destooled, Issues Statement

The Office of the Kwahuhene has reacted to a video in circulation and earlier media reports suggesting the destoolment of Daasebre Akuamoah Agyapong Il as a paramount chief.

In a statement dated Saturday, October 19, 2024, and signed by Nana J.K. Boadi, the Office of the Paramount Chief explained that the video footage claiming to depict a "destoolment procedure is not only false, but also contravenes both legal standards and Kwahu customs."

They described the Bank of Ghana's recommendation for Daasebre's resignation as hasty and done without due process. 

On Friday, October 11, 2024, the Kwahumanhene, Daasebre Akuamoah Agyapong II, resigned as the Board Chairman of the Agricultural Development Bank PLC (ADB) following a directive from the Bank of Ghana, after a client of the bank accused him of fraud. 

The BoG maintained that the Kwahumanhene’s continuous holding of office as a director of the bank was becoming untenable due to the irreparable damage the events had caused the image of ADB.

Following the directive of the central bank, Daasebre Agyapong resigned from his role as Board Chairman of ADB.

However, in the press statement from the paramountcy, the demand for his (Daasebre) resignation by the Banking Supervision Division of the Bank of Ghana came without prior opportunity for the Kwahuhene to respond to the allegations, which raises concerns about due process.

Given the circumstances, the Kwahuhene decided to temporarily step down to facilitate a proper resolution of the issue.