The former Board Chairperson of the Ghana Infrastructure Investment Fund (GIIF), Prof. Christopher Ameyaw-Akumfi, has been granted bail in the sum of GH¢10 million with two sureties. The sureties are required to possess landed property and deposit the relevant documents at the court registry.
Prof. Ameyaw-Akumfi is standing trial alongside Solomon Asamoah for allegedly transferring $2 million from GIIF’s account into Africa Investor Holdings Limited, a company incorporated in South Africa, without board approval. The funds were purportedly meant for acquiring shares as part of a deal, but nothing was done.
In court today, Prof. Ameyaw-Akumfi appeared for the taking of his plea, and he pleaded not guilty to all the charges against him. The court, satisfied with his plea, granted him bail under the aforementioned conditions.
The bail conditions require Prof. Ameyaw-Akumfi to produce two sureties who will sign a bond of GH¢10 million each. The sureties must also provide proof of ownership of landed property and deposit the documents at the court registry.
The case has sparked widespread interest, with many watching closely to see how it unfolds. Prof. Ameyaw-Akumfi’s plea of not guilty sets the stage for a potentially lengthy and complex trial.
The allegations against Prof. Ameyaw-Akumfi and Solomon Asamoah are serious, and if convicted, they could face significant penalties. The prosecution will likely present evidence to support the charges, while the defense will argue their case to prove their innocence.
As the trial progresses, it is expected that more details will emerge about the alleged transactions and the circumstances surrounding them. The outcome of the case will be closely watched, not only by the parties involved but also by the public, given the high-profile nature of the defendants and the significant amounts of money involved.
The granting of bail to Prof. Ameyaw-Akumfi allows him to prepare for his defense while not in custody. However, the conditions attached to the bail are stringent, and he will need to ensure that he meets all the requirements to avoid any complications.
The case is a reminder of the importance of transparency and accountability in the management of public funds and institutions. As the trial unfolds, it is hoped that justice will be served, and the truth will be revealed.
