Attorney General Charges Ex-GIIF CEO And Prof. Ameyaw-Akumfi Over $2m Sky Train Corruption

The Attorney General’s Office has slapped former Ghana Infrastructure Investment Fund (GIIF) CEO Solomon Asamoah and ex-board chairman Prof. Christopher Ameyaw-Akumfi with charges for their roles in the fiasco of the Accra Sky Train project, which allegedly cost the state $2 million without authorization.

The charges filed 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.

According to the Prosecutors, in February 2019, the accused 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, and 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, the AG has revealed that the $2 million disbursement lacked proper due diligence and violated GIIF’s governance protocols.

In the filing, Attorney General Dr. Dominic Ayine said, “The payment was unauthorized, and the project never materialized. This is a clear case of financial misconduct.”