By Former Ghana Infrastructure Investment Fund (GIIF) Board Chairman, Prof. Christopher Ameyaw-Akumfi, has pleaded not guilty to charges related to the controversial $2 million Sky Train project. As a result, the case has drawn significant public attention, revolving around allegations of financial mismanagement and unauthorized disbursement of funds.
Court Proceedings and Bail Conditions
Prof. Ameyaw-Akumfi appeared before the High Court in Accra on May 26, 2025, where he was granted GHC10 million bail with two sureties. Moreover, his legal team argued that he is not a flight risk and suffers from health complications, including a recent hip surgery and heart condition. Consequently, the court had previously postponed proceedings due to his medical condition.
Charges and Allegations
The Attorney General’s office has charged Prof. Ameyaw-Akumfi and former GIIF CEO Solomon Asamoah with wilfully causing financial loss to the state, conspiracy, and intentional dissipation of public funds. Specifically, prosecutors allege that in February 2019, the accused authorized a $2 million payment to Africa Investor Holdings Limited for preliminary work on the Sky Train project—an initiative that never materialized.
Defense Arguments
Prof. Ameyaw-Akumfi’s legal team maintains that the payment was not illegal and was part of standard investment procedures. Furthermore, they argue that the professor’s distinguished public service record and permanent residence in Ghana demonstrate his commitment to cooperating with the court. In addition, his defense team insists that the transaction followed due process and was necessary for project feasibility studies.
Public Reaction and Next Steps
The case has sparked debate over public accountability, with critics questioning the handling of state funds. Therefore, the trial has been adjourned to June 10, when the court will hold a case management conference to determine the next steps. Meanwhile, some former GIIF board members have offered to testify as prosecution witnesses, further complicating the legal battle.
Health Concerns and Court Absences
Prof. Ameyaw-Akumfi has missed previous court appearances due to medical emergencies, including being rushed to the hospital on May 20, 2025. Notably, his legal team has cited his advanced age and deteriorating health as reasons for requesting bail. As a result, the court acknowledged these concerns but insisted on strict bail conditions to ensure his presence at future hearings.
Government’s Stance on the Case
The Attorney General’s office insists that the $2 million payment was made without board approval, and only Ameyaw-Akumfi and Asamoah were aware of the transaction. Additionally, some former GIIF board members have expressed willingness to testify against the accused, claiming they were unaware of the financial decision. Thus, this development could significantly impact the trial’s outcome.
Implications for Ghana’s Infrastructure Projects
The Sky Train project was initially envisioned as a transformational transport solution for Accra, but it remains unexecuted. Consequently, the trial raises concerns about public procurement practices and financial accountability in Ghana’s infrastructure sector. For this reason, many citizens and analysts are closely watching the proceedings, as the verdict could set a precedent for future investigations into public fund management.
Conclusion
As the trial progresses, all eyes are on the High Court in Accra to determine whether Prof. Ameyaw-Akumfi and Solomon Asamoah will be held accountable or cleared of charges. Ultimately, the case has become a focal point in discussions about government transparency and financial oversight, with implications for future infrastructure projects.
Final Thoughts
The outcome of this trial could influence public trust in government institutions and shape policies regarding investment in large-scale projects. Whether Prof. Ameyaw-Akumfi and Solomon Asamoah are found guilty or acquitted, the case underscores the importance of financial accountability in Ghana’s development efforts.
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