The former Board Chairman of the Ghana Infrastructure Investment Fund (GIIF), Prof. Christopher Ameyaw-Akumfi, has been granted bail set at GH¢10 million, with two sureties required to be justified by landed property in Greater Accra.
As part of the bail conditions imposed by the Ghana High Court, Prof. Ameyaw-Akumfi must submit his passport and all travel documents to the court and is required to report weekly to the investigator handling the case.
The court has adjourned the case to June 10 at 9:00 a.m. for the next hearing.
Prof. Ameyaw-Akumfi, who previously served as the chairman of GIIF, has pleaded not guilty to serious charges, including wilfully causing financial loss to the state, intentional misuse of public funds, and conspiracy to commit crime.
His plea was officially entered on Monday, May 26, following his absence from two earlier court dates, reportedly due to medical emergencies.
This high-profile case has drawn national attention as concerns over the mismanagement of public funds and government accountability continue to grow in Ghana.
Prof. Christopher Ameyaw-Akumfi is being investigated by the NIB for authorising the release of $2 million to Africa Investor Holdings, the company behind the failed Sky train project.
