The Kwahu Abenehene, Daasebre Akuamoah Ag­yapong II, has resigned as the Board Chairman of the Agri­cultural Development Bank (ADB) PLC over allegations of improper conduct.

The resignation, which took effect last Friday, followed a direc­tive by the Bank of Ghana (BOG) for him to step down due to the irreparable damage done to ADB's image.

This was after the Director and shareholder of Prabhat Trading LTD, Collins Darkwa Aboagye, petitioned the Presidency to help him retrieve a GH¢2.406 million debt from the board chairman.

The Presidency in reaction to the petition filed in September this year, wrote to Daasebre Agyapong on October 4, 2024 to ask for com­ments within seven days of receipt of the letter.