Kwahu Omanhene, Daasebre Akuamoah Agyapong, appointed ADB board chairman

Daasebre Akuamoah Agyapong II, Omanhene of the Kwahu Traditional Area in the Eastern Region, has been appointed the chairman of the board of directors of the Agricultural Development Bank (ADB).

He takes over the role from Alex Bernasko, a legal practitioner, who served as the chairman of the nine-member board of ADB during the first term of President Akufo-Addo.

In his new role, Daasebre Akuamoah Agyapong II is expected to support the management and staff of ADB to pursue the company’s vision, which is to be the people’s bank, harnessing the transformational power of agribusiness for wealth creation.

Also at the forefront of the targets that the board chairman and the management of ADB are expected to set for themselves will be growing a strong, customer-centred bank, and providing profitable and diversified financial services for sustained contribution to agricultural development.

ADB

Agricultural Development Bank (ADB) Ltd is a universal bank offering a full range of banking products and services in consumer, corporate, parastatals/public sector, small and medium-sized enterprises, agriculture, trade and e-banking services.

Its business focus is universal banking, with a developmental focus on agriculture and more.

ADB listed successfully on the Ghana Stock Exchange (GSE) on 20 December 2016. The bank’s new ownership structure has Financial Investment Trust holding 60.5%, the Government of Ghana 32.3% and retail investors and ADB staff taking the remaining 7.2%.

Profile of the Kwahu Omanhene

Known in private life as Eugene Asante Boadi, Daasebre Akuamoah Agyapong II is a chartered accountant by profession. In 2017, at the very young age of just 34, he was enstooled as the paramount chief of Kwahu.

Daasebre Akuamoah Agyapong II schooled at SOS in Suhum and then enrolled at Association International School in Accra, where he was a pupil from kindergarten to JSS3. In 1998 he completed his Basic Education Certificate Examination and in February 1999 he proceeded to St Peter’s School in Kwahu, where he read business for his senior high school exams.

He was admitted to the University of Ghana, Legon in 2002 to study business administration (accounting option) and graduated in 2006. He joined KPMG just after school as an audit associate and worked with the firm until about 2009. He then moved to the United States to pursue a Master’s course in finance and investment banking at Lincoln University.

On completing his Master’s he returned to Ghana in 2010. The following year he secured a six-month consultancy engagement with Goldfields Ghana Ltd in Damang, in the Western Region, specifically to carry out asset verification. Three months into his contract, a member of management – the capital accountant of Goldfields Ghana Ltd – resigned and he was asked to take up the position.

He worked in the gold industry up to 2013, when he left to start his own consultancy. In 2017, he was enstooled as the Omanhene of the Kwahu Traditional Area.

Wilberforce Asare

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