News
Ex-GIIF CEO and Prof. Ameyaw-Ekumfi charged over $2m Sky Train fiasco
The Attorney General’s Office has formally charged former Ghana Infrastructure Investment Fund (GIIF) CEO Solomon Asamoah and ex-board chairman Prof. Christopher Ameyaw-Ekumfi for their roles in the controversial Accra Sky Train project, which allegedly cost the state $2 million without authorisation.
The charges, filed today at the High Court (Criminal Division), include wilfully causing financial loss to the state under the Criminal Offences Act, conspiracy to commit crime through intentional dissipation of public funds, and intentional dissipation of public funds under the Public Property Protection Decree.
Prosecutors allege that in February 2019, the accused authorised a $2 million payment from GIIF to Africa Investor Holdings Limited for preliminary work on the Sky Train project – a system that was never built. The payment was reportedly made without proper board approval.
The Sky Train project, initiated in 2018 as a public-private partnership for an urban rail system in Accra, involved a memorandum of understanding between the Ministry of Railways Development, Africa Investor Holdings, and GIIF. However, investigations revealed the $2 million disbursement lacked proper due diligence and violated GIIF’s governance protocols.
Attorney General Dr. Dominic Ayine stated the accused acted outside their mandate, causing significant financial harm to the state. “The payment was unauthorised, and the project never materialised. This is a clear case of financial misconduct,” the filing stated.
The case will proceed in the High Court, with the AG’s office indicating some GIIF board members have agreed to testify as prosecution witnesses.
This prosecution forms part of the government’s broader crackdown on financial malfeasance, following earlier warnings of pending charges in the Sky Train and NSS ghost names scandals.
Source: Myjoyonline.com
Minister for Government Communications, Felix Ofosu Kwakye, has dismissed claims that staff salaries at the Presidency have increased under the current administration, describing the allegation as a “flat lie”.
In a response to a post on Facebook, Ofosu Kwakye said the current staff at the Presidency inherited the same salaries and conditions approved for their predecessors.
He argued that once arrears owed to former Article 71 office holders are paid, the total wage bill for the current administration will actually be lower due to a reduction in staff numbers.
“It is in fact a mathematical certainty that the total amount paid in salaries to the current staff will be smaller compared to yours once your arrears are paid because of the reduction in numbers,” he stated.
The Minister noted that delays in paying arrears to past Article 71 office holders are not new.
“Arrears owed to past Article 71 office holders is nothing new or unheard of. Many others before you have suffered same,” he said.
Ofosu Kwakye also stressed that the salaries and conditions in question were approved by Parliament on 6th January 2025, under the previous government.
He pointed out that the Constitution bars any changes to those salaries until a new committee is set up to determine emoluments for Article 71 office holders under the new administration.
“No such committee has been set up by President Mahama and no alteration has been made,” he clarified.
“So on what basis, apart from pure lies and mischief, can a claim of ballooning be made?” he concluded.
The response follows public debate over the size and cost of the presidential staff, with critics alleging a spike in the wage bill.
By Edem Mensah-Tsotorme
Bernard Antwi Boasiako, popularly known as Chairman Wontumi and the Ashanti Regional Chairman of the New Patriotic Party, has initiated plea negotiations with the Attorney General’s office in the GH₵30 million Exim Bank fraud case.
Information available to ghanaiantimes.com.gh indicates that lawyers for Bernard Antwi Boasiako aka Chairman Wontumi & 2 other accused have formally written to the Attorney General to enter into plea negotiations on the charges of defrauding by false pretenses, money laundering, and intentionally causing financial loss to a public body.
A plea bargain, under Section 162C of the Criminal and Other Offences (Procedure) (Amendment) Act, 2022 (Act 1079), allows an accused person to plead guilty to lesser charges in exchange for a reduced sentence.
The agreement must be approved by the court after the Attorney General assesses factors such as the strength of evidence, recovery of state funds, and public interest.
Wontumi is facing four counts after his arrest by the Economic and Organised Crime Office in May 2025.
Prosecutors allege he used forged documents to secure a GH₵30 million facility from the Ghana Export-Import Bank to finance equipment for his mining company, Akonta Mining Ltd.
The state further charges him with money laundering and causing financial loss to the state.
He has pleaded not guilty to all charges and was granted GH₵50 million bail with two sureties. The case is currently before the Accra High Court.
The Attorney General’s office is yet to confirm whether negotiations will proceed.
By Edem Mensah-Tsotorme
