Professor Christopher Ameyaw-Akumfi, former Board Chair of the Ghana Infrastructure Investment Fund (GIIF), has firmly denied any wrongdoing in connection with the controversial $2 million payment made in relation to the proposed Accra Sky Train project.
In a statement issued on Friday, May 30, 2025, Prof. Ameyaw-Akumfi confirmed that he has pleaded not guilty to all charges brought against him, emphasising his commitment to transparency and accountability—values he says must be upheld within a framework of justice and fairness.
“I welcome the opportunity to clear my name and have full confidence in my innocence,” he said.
He described the period following the news of his arraignment as “challenging” but noted that he has been deeply moved by the outpouring of solidarity.
“Prof. Ameyaw-Akumfi, a seasoned academic and former Minister of Education, expressed gratitude to his family, close friends, and legal counsel for their steadfast support during what he called a trying time.
Their encouragement has strengthened my resolve to stay the course,” he said.
The $2 million payment, which was made to a private entity as part of a concession agreement with the Ghanaian government, was initially intended to support feasibility studies and early-stage planning for the urban monorail system, a flagship transport initiative under the previous administration.
The 2021 Auditor General’s report has revealed that the government spent some $2 million on the SkyTrain project.
The Auditor General said that after an assessment of the GIIF risk management, it revealed that the policy is still in the draft stage.
The report said the feasibility studies, which will better inform the project economics and required approvals from the Cabinet of Ghana and the Parliament of Ghana, are still not conclusive.
Africa Investor Holdings Limited incorporated a Special Purpose Vehicle (SPV) in 2018 in Mauritius for the purposes of establishing Ghana Sky Train Limited to develop the Accra Sky Train Project through a concession on design, build, finance, and operate arrangement.
In 2019, the government of Ghana and the Ai) Sky Train Consortium of South Africa signed the much-anticipated Accra Sky Train project, which is a fully automated, highly efficient, and extremely cost-effective public mass transit system that will use air propulsion technology to drive lightweight, high-passenger-volume vehicles.
However, the project has yet to materialise, raising questions about the use and accountability of public funds.
