Tussle over Yeboah Afihene Industries Ltd.’s shares: Mahama & Otumfuo urged to intervene… but Ksi Mayor says he’s committed to resolving the issue.
By: tntnewspapergh.com
The President of the Republic of Ghana, Mr. John Dramani Mahama; the King of the Asante Kingdom, His Royal Highness Otumfuo Osei Tutu II; and other stakeholders have been urged to urgently intervene to ensure peace, fairness in the determination of all shareholders, and legitimacy of the properties in the Yeboah Afihene Industries Limited.
The passionate appeal was made by Mr. Kofi Sarfo Afihene, aka Kwabena Sarfo, who described himself as the newly appointed acting managing director of Yeboah Afihene Industries Limited, a private liability company in the Ashanti regional capital, Kumasi. He said he was making the appeal for and on behalf of the current majority shareholders of the company.
Mr. Kofi Sarfo Afihene made the appeal at a press briefing at Atwima-Techiman in the Atwima Kwawoma district on Tuesday, 21st October, 2025.He accused the Kumasi Metropolitan Chief Executive (MCE), Mr. Kwasi Ofori Agyemang, aka King Zuba, of allegedly supporting Mr. Kwame Assuama Yeboah Afihene, among others, to deny them access to their stores.Against the background, they decided to make a special appeal to President Mahama and Otumfuo Osei Tutu II to personally intervene to ensure a fair resolution to the matter.
Mr. Kofi Sarfo Afihene, aka Kwabena Sarfo
This appeal, he said, has been necessitated because the mayor of Kumasi allegedly used operatives believed to be ‘machomen’ to lock their stores with the Assembly’s padlock, denying them access in support of Mr. Kwame Assuama Yeboah
Afihene..However, when Mr. Kwasi Ofori Agyemang, aka King Zuba, was contacted for his side of the story, he vehemently denied using machomen to lock the stores.
President John Mahama
He was quick to explain that “it is true that two stores or shops were locked by the Metro Estate Officer aimed at ensuring peace devoid of bloodshed. King Zuba explained that the Metro Security Council Chairperson’s first priority is to ensure peace and a safe environment for the growth of businesses. He wouldn’t sit down unconcerned to allow bloodshed at the said premises where his accusers allegedly brought in machomen. “I won’t supervise bloodshed in the Metro. I had to deploy military and National Security personnel to the scene, and as a result two persons were arrested and cautioned. “I didn’t engage machomen,” he added.The Kumasi mayor said,
Otumfuo Osei Tutu II,Asantehene
“I want peace to reign. It is something that we have started working on, and if they can give us a little time, we shall surely bring closer or finality to the matter.I’m convinced to bring the brother and sister together and cut off the others, who are not part of the family and want to reap where they have not sown!King Zuba continues, “They (complaints) should just give us some time to resolve the problem. I don’t have any interest.
Mr. Kwasi Ofori Agyemang, aka King Zuba
I used the military and national security personnel because I will not do anything deliberate to displease anyone, but I want to ensure peace.” The mayor further explained that he doesn’t take hasty decisions in any matter. The security personnel arrested two (2) people who were injected by the court, and the Estate Officer of KMA was asked to lock the two shops.
However, later on, some of them came to plead, and the shops were reopened for them, not that they had a legitimate right to access the place. As we speak now, some of the national security personnel are still around to ensure sanity prevails,” he narrated.
Meanwhile, Mr. Kwame Assuama Yeboah Afihene, who maintained he is the rightful managing director of the company, and his legal team have vehemently denied the accusations by the claimants of majority shareholders.In an interaction with media during and after a meeting with the Kumasi mayor, they rubbished the claims by Mr. Kofi Sarfo Afihene and his group.
Mr. Kwane. Assuma Yeboah said he was not ready to talk much about the matter but rather preferred his lawyers to address the issue.A member of his legal team, Lawyer Kwamina Mensah also maintained their client was innocent of the accusations.Besides, Lawyer Kwamina Mensah
is expected to make a statement to reaffirm their client innocent as already indicated.. Anytime it is made available,it would be shared with our readers.stay turned!
