{"id":230389,"date":"2024-10-11T18:23:02","date_gmt":"2024-10-11T18:23:02","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/11\/bog-sacks-kwahumanhene-as-adb-chair-over-bribery-allegations\/"},"modified":"2024-10-11T18:23:02","modified_gmt":"2024-10-11T18:23:02","slug":"bog-sacks-kwahumanhene-as-adb-chair-over-bribery-allegations","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/11\/bog-sacks-kwahumanhene-as-adb-chair-over-bribery-allegations\/","title":{"rendered":"BoG Sacks Kwahumanhene As ADB Chair Over Bribery Allegations"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\u00a0<\/p>\n<p>In a shocking move, the Bank of Ghana (BoG) has terminated the appointment of Daasebre Akuamoah Agyapong II as Board Chairman of the Agricultural Development Bank (ADB) amidst allegations of extortion and abuse of office.<\/p>\n<p><strong>Allegations of Misconduct<\/strong><\/p>\n<p>The controversy surrounds a petition filed by Collins Darkwah Aboagye, a businessman and Director of PRABHAT Trading Limited, who alleged that Daasebre Akuamoah Agyapong used his influential position to facilitate a loan from the ADB on two exploitative conditions: Payment of GH\u023c50,000 for loan facilitation, and loan of GH\u023c2 million from the approved GHC12 million loan.<\/p>\n<p><strong>Petition Details<\/strong><\/p>\n<p>Aboagye\u2019s petition, dated September 12, 2024, reveals that: he was introduced to Daasebre Akuamoah Agyapong by Ankobeahene of Kwahu Abetifi, Nana Anim Dwumfuor II, he paid GH\u023c50,000 to Daasebre Akuamoah Agyapong II in the presence of Ankobeahene, the Bank approved a GHC 12 million loan three months after agreeing to the terms and Daasebre Akuamoah Agyapong II failed to repay the GH\u023c2 million loan despite repeated promises.<\/p>\n<p><strong>Presidency\u2019s Response<\/strong><\/p>\n<p>The Presidency responded to the petition by asking Daasebre Akuamoah Agyapong to respond to the allegations within seven days.<\/p>\n<p><strong>BoG\u2019s Directive<\/strong><\/p>\n<p>The BoG, citing damage to the bank\u2019s reputation, directed Daasebre Akuamoah Agyapong to resign immediately.<\/p>\n<p><strong>Background<\/strong><\/p>\n<p>Daasebre Akuamoah Agyapong was appointed Board Chairman of ADB in August 2021 by President Akufo-Addo<\/p>\n<p>As a chartered accountant, he was expected to support the management and staff of ADB in pursuing the company\u2019s vision.<\/p>\n<p>Below is the Letter from BoG<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-448959\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/10\/IMG-20241011-WA0014-206x300.jpg\" alt=\"\" width=\"206\" height=\"300\"  \/><\/p>\n<p><strong>-BY Daniel Bampoe<\/strong><\/p>\n<p><!-- CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 In a shocking move, the Bank of Ghana (BoG) has terminated the appointment of Daasebre Akuamoah Agyapong II as Board Chairman of the Agricultural Development Bank (ADB) amidst allegations of extortion and abuse of office. Allegations of Misconduct The controversy surrounds a petition filed by Collins Darkwah Aboagye, a businessman and Director of PRABHAT [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":230390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-230389","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BoG Sacks Kwahumanhene As ADB Chair Over Bribery Allegations - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/10\/11\/bog-sacks-kwahumanhene-as-adb-chair-over-bribery-allegations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BoG Sacks Kwahumanhene As ADB Chair Over Bribery Allegations - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"\u00a0 In a shocking move, the Bank of Ghana (BoG) has terminated the appointment of Daasebre Akuamoah Agyapong II as Board Chairman of the Agricultural Development Bank (ADB) amidst allegations of extortion and abuse of office. Allegations of Misconduct The controversy surrounds a petition filed by Collins Darkwah Aboagye, a businessman and Director of PRABHAT [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/10\/11\/bog-sacks-kwahumanhene-as-adb-chair-over-bribery-allegations\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-11T18:23:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/FB_IMG_1728668352323.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/11\\\/bog-sacks-kwahumanhene-as-adb-chair-over-bribery-allegations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/11\\\/bog-sacks-kwahumanhene-as-adb-chair-over-bribery-allegations\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"BoG Sacks Kwahumanhene As ADB Chair Over Bribery Allegations\",\"datePublished\":\"2024-10-11T18:23:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/11\\\/bog-sacks-kwahumanhene-as-adb-chair-over-bribery-allegations\\\/\"},\"wordCount\":256,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/11\\\/bog-sacks-kwahumanhene-as-adb-chair-over-bribery-allegations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/FB_IMG_1728668352323.jpg\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/11\\\/bog-sacks-kwahumanhene-as-adb-chair-over-bribery-allegations\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/11\\\/bog-sacks-kwahumanhene-as-adb-chair-over-bribery-allegations\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/11\\\/bog-sacks-kwahumanhene-as-adb-chair-over-bribery-allegations\\\/\",\"name\":\"BoG Sacks Kwahumanhene As ADB Chair Over Bribery Allegations - 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