By Morkporkpor Anku
Accra, May 13, GNA – The State has filed criminal charges against Christopher Ameyaw-Ekumfi, the former Board Chairman of the Ghana Infrastructure Investment Fund and one other for wilfully causing financial loss to the State, among others
The other is Solomon Asamoah, the former Chief Executive Officer of the Fund.
They are charged for wilfully causing financial loss to the State, intentional dissipation of public funds, and conspiracy to commit crime.
The charges, filed under Section 23(1) and Section 179A(3)(a) of the Criminal Offences Act, 1960 (Act 29), relate to a $2 million payment made in 2019 to Africa Investor Holdings Limited for the development of an urban sky train system in Accra, a project that was never built.
Asamoah was admitted to bail in the sum of GH15 million with two sureties, all to be justified with a registered land or property located in the Greater Accra Region.
The sureties were to deposit copies of their Ghana cards and digital addresses at the registry of the Court.
He is to deposit his two passports (Ghana & UK) at the registry of the Court and report to the Police every Monday, Wednesday, and Friday till the determination of the case.
Ameyaw-Ekumfi was, however, absent due to a surgery he undertook on May 12, 2025
The State said the payment was made in February 2019 without the necessary board approval for either the share acquisition or the disbursement of the funds.
It said investigations had revealed that the decision to release the funds was made without due process.
Ameyaw-Akumfi reportedly told investigators during his caution statement that he authorised the transfer based on a recommendation from the former CEO.
However, the accused persons have been able to account for the missing $2 million.
The Sky Train project was proposed as an ambitious elevated light rail system to ease congestion in Accra and other urban centres.
The contract was signed between the Government of Ghana and a South African company, Africa Investment (PTY) Limited, which was supposed to provide funding, technology, and infrastructure support for the project.
GNA
SOF