Former GIIF Chair Ameyaw-Akumfi Granted Bail in $2M Sky Train Case

Accra, Ghana – May 26, 2025 – Professor Christopher Ameyaw-Akumfi, former chairman of the Ghana Infrastructure Investment Fund (GIIF), appeared in court today to face charges of financial loss and conspiracy related to the controversial $2 million Sky Train project. He pleaded not guilty. The court granted him bail of 10 million Ghana cedis (approximately $1 million USD). The bail conditions require two sureties with landed property in Greater Accra, and Professor Akumfi must surrender his passport. A reporter from Channel One TV captured footage of Professor Akumfi leaving the court. When asked for a comment, a representative stated, "He has been granted bail, and he has one week to fulfill the disclosure requirements." The case has drawn significant public attention due to the high-profile nature of the accused and the substantial financial implications of the Sky Train project. The outcome of this case will have significant implications for future infrastructure projects and government accountability in Ghana. The next hearing is scheduled for next week.