The Bank of Ghana has formally directed Daasebre Akuamoah Agyapong II, Board Chairperson of Agricultural Development Bank PLC (ADB), to resign from his position following allegations of misconduct. This directive follows a petition submitted to the Presidency by Mr. Collins Darkwah Aboagye, accusing the Chairperson of improper conduct in his role. The allegations have since gained widespread media attention.
In a letter signed by Osei Gyasi, Head of the Banking Supervision Department, it was stated that the Chairperson’s continued tenure at ADB has become “untenable” due to the reputational damage caused by these events. The letter cited Section 103 (2)(d) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (ACT 930) as the legal basis for the directive, empowering authorities to take action against directors whose conduct may negatively impact an institution.
The letter instructs the Chairperson to immediately resign and ensure a proper handover, stressing that the directive must be complied with without delay.
While the specifics of the alleged misconduct have not been fully disclosed, these developments have raised concerns about the stability of ADB’s leadership and the potential impact on the bank’s operations.
Source: Ghana/Starrfm.com.gh/103.5FM/Emmanuel Mensah
