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." It stated that "no formal charges have ever been brought against the Kwahuhene that would justify any destoolment process.
Furthermore, he has not been found liable of any misconduct related to his role as Chairman of the Board of the Agricultural Development Bank." 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, Collins Darkwa Aboagye, petitioned the Office of the President pleading for presidential intervention to help retrieve GH¢2.406 million owed him by the then ADB board chairman.
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.