Solomon Asamoah, former CEO of the Ghana Infrastructure Investment Fund (GIIF) and the first accused in the ongoing Sky Train case, remains in custody after failing to satisfy bail conditions set by the court a week ago.
Asamoah is on trial alongside Prof. Christopher Ameyaw-Akumfi, former Board Chair of GIIF, on charges of willfully causing financial loss to the state and the misappropriation of public funds.
According to prosecutors, the two authorised the transfer of $2 million in public funds from GIIF’s accounts to Africa Investor Holdings, the firm contracted to develop the proposed Sky Train project.
The prosecution contends that the transfer was carried out without due authorisation and that no work was completed to justify the payment.
At the initial hearing on May 13, Mr. Asamoah pleaded not guilty to the charges.
He was granted bail of GH¢15 million, with two sureties, both required to prove ownership of landed property within Accra. As of Tuesday, May 20, 2025, the court was informed that he has yet to meet those conditions and remains in custody.
Meanwhile, Prof. Ameyaw-Akumfi, who was absent during the initial court session due to medical reasons, failed to appear once again on Tuesday.
His lawyer, Duke Aaron Sasu, told the court that the former board chair had been rushed to the hospital earlier that morning.
Presiding judge Justice Comfort Tasiame voiced concern over the pattern of medical emergencies, noting that they seem to align with court dates.
In response, Sasu assured the court that his client would be present for arraignment on Friday.
Deputy Attorney General Dr. Justice Srem-Sai, representing the state, acknowledged the court’s concerns and indicated that the prosecution may review its stance on Prof. Ameyaw-Akumfi’s situation at the next hearing.
The case has been adjourned to Monday, May 26, 2025, at 10:00 a.m.
