The Omanhene of the Kwahu Traditional Area who was Board Chairman of the Agricultural Development Bank (ADB) Daasebre Akuamoah Agyepong II has finally been destooled following customarily procedures. The Abetifihene, Nana Asiedu Agyemang III, has taken on the role of acting president of the Kwahu Traditional Council as a new Kwahumanhene search party starts work. Reports of his destoolment emerged two weeks ago but was dismissed as untrue. The embattled banker and accountant who rose to become Kwahumanhene and Board Chairman of ADB Bank was ordered by the Bank of Ghana (BoG) on October 10, 2024 to I mmediately resign and hand over in accordance with Section 103(2)(d) of the Banks and Specialised Deposit Taking Institutions Act, 2016 (Act 930). 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 after some allegations were made against him over his alleged involvement in a loan procurement processes involving a businessman. The Queen mother of Kwahu, Kwahumanhemaa, Nana Adwoa Gyamfuah II, who confirmed his destoolment stated that Daasebre Akuamoah Agyepong II's actions had caused significant reputational damage to the Kwahu Traditional Council. "We have destooled Eugene Kwasi Boadi Asante (Daasebre Akuamoah Agyepong II).
The traditional council frowns on chiefs who do not rule in truth.
He has brought reputational damage to Kwahuman.
He cannot serve as the Chief of Kwahu again." She said. "In Akan tradition, if a chief passes on, the queen mother enstools a new chief in consultation with Kingmakers.