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

Accra, Ghana – May 26, 2025 – In a significant development today, Professor Ameyaw-Akumfi, former chairman of the Ghana Infrastructure Investment Fund (GIIF), appeared in court to face charges of financial loss and conspiracy related to the controversial $2 million Sky Train deal. Prof. Akumfi pleaded not guilty. The court granted him bail of GH¢10 million with two sureties who must provide proof of landed property in Greater Accra. He is also required to surrender his passport and travel documents. A court official stated, "The bail conditions are designed to ensure Prof. Akumfi's appearance at future court proceedings." The case continues to draw significant public attention, highlighting concerns about transparency and accountability in major infrastructure projects. The next hearing date is yet to be announced.