The former Chief Executive Officer (CEO) of Ghana Infrastructure Investment Fund (GIIF), Solomon Asamoah, was granted bail after his arrest on Tuesday, May 13, 2025, for his involvement in corruption-related allegations.

The bail was granted on the evening of Tuesday after the former CEO was arraigned before the High Court in Accra on May 13, 2025, after the Attorney General filed charges against him and Prof Christopher Ameyaw-Ekumfi.

The court granted bail to the sum of GH¢15 million to Solomon Asamoah.

His co-accused, Prof Ameyaw-Ekumfi, was, however, absent from the court, reportedly due to health reasons.

His absence prompted the court to schedule the taking of his plea for May 20, 2025.

The state slapped the two men with six charges related to a failed Sky Train project involving an amount of $2 million.

The charges include conspiracy to commit a crime, to wit, wilfully causing financial loss to the state and wilfully causing financial loss to the state.

The others are; conspiracy to commit a crime, to wit, intentional dissipation of public funds, and intentional dissipation of public funds; and intentional dissipation of public funds.

Before the arrest and the filing of the charges, Attorney General, Dr Dominic Akuritinga Ayine, indicated that both Asamoah and Prof Ameyaw-Ekumfi will be prosecuted, with some board members offering to testify as prosecution witnesses.

He stated that it has been established that the $2 million payment made by the Ghana Infrastructure Investment Fund was unauthorised, with only former CEO Solomon Asamoah and former Board Chairman, Professor Ameyaw-Ekumfi, aware of and involved in the transaction.

"In respect of the Skytrain matter, we have completed investigations and will be filing charges, hopefully next week. We have established that the two million United States dollars (US$2,000,000.00) paid by the Ghana Infrastructure Investment Fund was paid without board approval.

"The only persons who knew and acted on the payment were the former CEO, Mr Solomon Asamoah, and the former Board Chairman, Professor Ameyaw-Ekumfi. Both will be charged next week. Some of the board members have offered to testify as witnesses for the prosecution, and I am considering their offers," the AG said while briefing the media at a recent press briefing.

BAI/AE

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