Bob Smith revealed this in an interview on Hitz Fm’s Daybreak Hitz show with Andy Dosty. He explained that the president suggested the name in an attempt to help better the movie industry.
Bob Smith about Ghallywood name change to Gollywood
“One thing I know is that President Akufo-Addo said it. Moreover, he said that he wants to bring up a vibrant film industry.
He mentioned Hollywood, Nollywood and this gave us the impression that he has accepted a name that follows that line.”