Prof. Christopher Ameyaw-Akumfi, former Board Chairman of the Ghana Infrastructure Investment Fund (GIIF), has been granted bail to the tune of GH¢10 million, with two sureties backed by landed property in the Greater Accra Region.
As part of his bail conditions, he must surrender his passport and all travel documents to the court and report to the investigating officer weekly. The case has been adjourned to June 10 at 9:00 a.m.
Prof. Ameyaw-Akumfi has pleaded not guilty to charges of wilfully causing financial loss to the state, intentional dissipation of public funds, and conspiracy to commit crime. His plea was entered on Monday, May 26, after missing two earlier court dates due to reported medical emergencies.
He is on trial alongside Solomon Asamoah, former CEO of GIIF, over the unauthorized transfer of $2 million in public funds to a private account linked to Africa Investor Holdings. Prosecutors allege the transaction—purportedly for a Sky Train project—was conducted without proper authorization or due diligence, breaching legal and administrative procedures.
Both accused parties deny any wrongdoing and are set to defend themselves as proceedings continue.
