The Manhyia Palace has turned down Phar Rangers bank roller Nana Yaw Amponsah for the CEO job, citing 'his lack of secrecy' as the reason.
In the previous week, Amponsah was touted as favourite for the job and meetings were held between himself and the Manhyia Palace but the move has broken down.
Special Assistant to the Chief of staff of the Manhyia Palace, Kwame Aboagye Mensah explained the reason for Amponsah failing to make the cut.
"We have heard the news circulating in the media that the Board of Directors have settled on him [Nana Yaw Amponsah]. It's not true and I repeat it's not true," Kwame Aboagye Mensah told Opemsuo FM in an exclusive interview.
"Everyone should take note that Asante Kotoko is a big brand and it can't work with someone who is not secrecy."
"Being interviewed by the Board of Directors and the next hour everything said during the meeting is in the media....how can we work with such individual," he quizzed.
"If people have forgot, let me remind that of Osei Kuffour who publicly said he's the new President of Asante Kotoko. Was Osei Kuffour appointed to lead Asante Kotoko after all the interviews. It's a big no."
"We have plans for the club and announcements are not to be made by the public but His Royal Majesty Otumfuo Osei Tutu II" he concluded.
The patron of Asante Kotoko, Otumfuo Osei Tutu II has added Kofi Amoa-Abban, Martin Brobbey and James Osei to the newly selected board members of the club.