Solomon Asamoah (left) and Prof. Christopher Ameyaw-Akumfi (right)
Source: Africa Publicity
The Attorney General and Justice Minister of Ghana, Dr. Dominic Ayine, has formally charged two former senior officials of the Ghana Infrastructure Investment Fund (GIIF) for their roles in the $2 million Accra Sky Train Project scandal. The officials are the former CEO of GIIF, Solomon Asamoah, and ex-board chairman Prof. Christopher Ameyaw-Akumfi.
The charges against the two former officials of the main opposition New Patriotic Party (NPP) were filed on Tuesday, May 13, 2025 at the High Court (Criminal Division). The charges 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.
According to prosecutors in their claims, in February 2019, the accused persons authorized 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 have shown that the $2 million disbursement lacked proper due diligence and violated GIIF’s governance protocols.
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According to Dr. Ayine, Prof. Ameyaw-Akumfi and Asamoah acted outside their mandate, causing significant financial harm to the state.
The filing revealed that “The payment was unauthorized, and the project never materialized. This is a clear case of financial misconduct.”
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