The Office of the Attorney General has initiated criminal proceedings against Solomon Asamoah, former Chief Executive Officer of the Ghana Infrastructure Investment Fund (GIIF), and former board chair Prof. Christopher Ameyaw-Ekumfi. The charges stem from their alleged involvement in the Accra Sky Train project, which reportedly led to an unauthorized expenditure of \$2 million in state funds.
Filed at the Criminal Division of the High Court, the charges include wilful financial loss to the state under the Criminal Offences Act, conspiracy to misuse public funds, and violation of public asset protection laws.
According to the prosecution, in February 2019 the accused authorized a \$2 million payment from GIIF to Africa Investor Holdings Limited for initial works on the Sky Train—an urban rail initiative that never progressed to construction. It is alleged the payment was made without the necessary approval from the GIIF board.
Launched in 2018 as a public-private partnership, the Sky Train project was formalized through a memorandum of understanding involving the Ministry of Railways Development, Africa Investor Holdings, and GIIF. However, investigations concluded that the disbursed funds bypassed due diligence procedures and breached internal governance rules.
Attorney General Dr. Dominic Ayine asserted that the accused exceeded their authority and caused considerable financial damage to the state. “The payment was unauthorized, and the project never came to fruition. This amounts to financial wrongdoing,” the official court filing stated.
The High Court is expected to hear the case soon, with some former GIIF board members set to appear as witnesses for the prosecution.
This legal action is part of a larger government initiative to combat corruption and financial mismanagement, in line with earlier indications that charges would be filed in both the Sky Train and National Service Scheme (NSS) ‘ghost names’ cases.
