Ex-Giif board members deny ameyaw acumfi, ex-CEO over $ 2 million deal

(From left) Solomon Asamoah and Prof. Christopher Ameyaw-Ekumfi were charged by the AG

The Attorney General and Minister of Justice, Dr. Dominic Akuritinga Ayine has announced that all other former board members of the Ghana Infrastructure Investment Fund (GIIF) are approved by the 2 million dollar payment for the failed ACCRA Sky Train Project, for which the former CEO Solomon Asamoah and the former CEO Professor Christopher-AMAZER-AMAK-AKUMFI-Kriminal-Lessor-LEISTOR-Professor-Professor-Professor-Professor-Aamaaw-Akumfi Kriminalanlagen The approval is the approval.

The charges at the High Court in Accra submitted on May 13, 2025 include conspiracy to commit a crime and deliberately cause financial losses to the state.

In his summary of the facts that Asamoah and Ameyaw-Akumfi had approved a payment of $ 2 million to Africa Investor Holdings in Mauritius for 10% shares in AI Skytrain Consortium Holdings in February 2019.

According to the General Prosecutor, the investigation did not result in a board protocol or records that supported Asamoah's claim that he had received the approval of the Board of Directors for the payment, with other board members refuting his claim in their police statements.

In his declaration for police investigations, the 1st accused person claims that he had obtained the approval of the GIIF board of directors in relation to the acquisition of shares and the payment of 2,000,000.00 dollars. In his declaration on the police, the accused was that he had signed the transfer of the bank funds on the recommendation of the 1st defendant.

In his precautionary statement, Ameyaw-Akumfi insisted that he signed the transfer lessons on Asamoah's recommendation, but none could make up the $ 2 million.

The Acra Sky Train project, which was initiated in 2018 under the Ministry of Railway Development, aimed to build a 194-kilometer city trail system on design, construction, financing and operation.

The company described a shareholder agreement signed by Solomon Asamoah on behalf of Giif in 2019 as an anchor equity investor. However, the project never stood, and a report by the General Auditor of 2021 marked the payment as a loss due to non -conclusive feasibility studies.

Solomon Asamoah, an investment professional who worked as a CEO of Giif from 2017 to 2024, was released on Tuesday at an Accra High Court, not guilty and received a deposit of GH ₵ 15 million.

On the other hand, Professor Ameyaw-Akumfi, a respected academic and politician, who headed Giif's board of directors from 2017 to 2021, was on trial for surgery, whereby his plea was planned for May 20, 2025.

GA/AE