Accra: An Accra High Court has adjourned the case involving Christopher Ameyaw-Ekumfi, the former Board Chairman of the Ghana Infrastructure Investment Fund, and one other individual to Monday, May 26, 2025. The adjournment was necessitated by the absence of the former Board Chairman in court due to ill health, which prevented his plea from being taken.
According to Ghana News Agency, Counsel for Ameyaw-Ekumfi, Mr. Duke Aaron Sasu, informed the court that his client had been rushed to the University of Ghana Medical Centre at dawn, which explained his inability to attend the court proceedings. At the previous court session, it was disclosed that Ameyaw-Ekumfi had recently undergone surgery.
Additional information indicates that Solomon Asamoah, the former Chief Executive Officer of the Fund and co-defendant in the case, has been unable to meet his bail conditions. Asamoah was granted a GH?15 million bail with two sureties, each required to be justified with a registered land or property in the Greater Accra Region. The sureties were also required to submit copies of their Ghana cards and digital addresses to the Court Registry. Furthermore, Asamoah was instructed to surrender his Ghanaian and United Kingdom passports and report to the police thrice weekly until the case is resolved.
Both Ameyaw-Ekumfi and Asamoah face charges of willfully causing financial loss to the State, intentional dissipation of public funds, and conspiracy to commit crime. These charges stem from a two-million-dollar payment made in 2019 to Africa Investor Holdings Limited in Mauritius for feasibility studies on an urban sky train system in Accra-a project that never commenced.
The State has asserted that the payment, made in February 2019, lacked necessary board approval for both the share acquisition and the disbursement of funds, bypassing due process. Ameyaw-Ekumfi reportedly claimed during his caution statement that he authorized the transaction following a recommendation by the former CEO. Despite this, the accused have not accounted for the missing funds.
The Accra SkyTrain project was envisioned as an elevated light rail system designed to alleviate traffic congestion and reduce air pollution in Ghana's capital. In 2018, the Government signed a Memorandum of Understanding with AiSky Train Consortium of South Africa. The parties later signed a build-operate-transfer concession agreement in November 2019, following the feasibility study. The development was estimated to cost $2.6 billion, with a capacity of 10,000 passengers per hour per direction over a span of 194 km, consisting of five lines. However, the project encountered significant hurdles, though specific details remain unspecified.
