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$2m Skytrain Scandal: Prof. Ameyaw-Akumfi Hospitalised, Ex-GIIF CEO Remains in Custody

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Solomon Asamoah, the former CEO of the Ghana Infrastructure Investment Fund (GIIF), remains in police custody after failing to meet bail conditions set by the Accra High Court in a $2 million financial loss case related to the controversial Skytrain project.

Asamoah and Prof. Christopher Ameyaw-Akumfi, former GIIF Board Chair, are facing charges for allegedly authorizing the transfer of $2 million from GIIF’s account to Africa Investor Holdings Limited, a South Africa-registered company, without board approval. The funds were intended to purchase shares for the Skytrain project, but no follow-up actions were taken, and the investment yielded nothing.

At the first court hearing on May 13, 2025, Asamoah pleaded not guilty to six counts including conspiracy, willfully causing financial loss to the state, and misuse of public funds. Prof. Ameyaw-Akumfi was absent.

Presiding judge Justice Comfort Kwasiwor Tasiame granted Asamoah bail of GH¢15 million with two sureties, to be secured with registered land in Ghana. However, at the second hearing on May 20, he was still in custody and appeared in court under police escort. Sources confirmed he had not yet met the bail requirements.

Prof. Ameyaw-Akumfi missed the session again, reportedly due to medical reasons. His lawyer, Duke Aaron Sasu, told the court his client had been rushed to a hospital ward earlier that day and requested an adjournment, promising his client’s return by Monday.

The case has been adjourned to May 26, 2025.

Prosecution’s Case

Deputy Attorney-General Dr. Justice Srem-Sai outlined that the Accra Skytrain project was intended to be executed under a design, finance, build, and operate model. According to a Memorandum of Understanding (MoU), GIIF was to serve as the anchor equity investor and local development partner to Africa Investor Holdings (Pty) Ltd.

The MoU also stipulated that GIIF would conduct due diligence and prepare a bankable feasibility study.

On January 9, 2019, a shareholders’ agreement was signed between Africa Investor Holdings Ltd (registered in Seychelles) and GIIF. Under this deal, Africa Investor Holdings was to transfer 10% of its alleged 100% shares in Ai SkyTrain Consortium Holdings (a Mauritius-registered company) to GIIF.

Asamoah signed the agreement on behalf of GIIF. Weeks later, on February 4, 2019, Ai SkyTrain Consortium Holdings requested $2 million as payment for the shares, citing the agreement.

On February 25, 2019, both Asamoah and Prof. Ameyaw-Akumfi instructed United Bank for Africa to transfer $2 million from GIIF’s Project Development Company account to Africa Investor Holdings’ bank account in Mauritius.

The Deputy A-G said that following the payment, no further action was taken by GIIF or its board regarding the share acquisition, and the funds remain unaccounted for.

He added that GIIF’s internal policy required rigorous due diligence and board approval before such investments. However, investigations revealed that none of these procedures were followed, and no board approval was obtained.

Asamoah claimed in his police caution statement that he had board approval, but other board members denied this. Investigators found no board minutes or official records to support Asamoah’s claim.

Prof. Ameyaw-Akumfi, in his statement, said he signed the bank transfer based on Asamoah’s recommendation. Neither he nor Asamoah has been able to account for the missing $2 million.

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President Mahama visits Fuveme, assures urgent action on tidal wave devastation

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President John Dramani Mahama has visited Fuveme and other coastal communities in the Volta Region affected by recent tidal waves, assuring residents of immediate relief measures and long-term interventions to address the worsening coastal erosion crisis.

 

The visit follows renewed tidal wave activity that has displaced families, destroyed homes, and left sections of the coastline severely damaged, deepening concerns about the vulnerability of communities along the stretch.

 

During his tour, President Mahama interacted with affected residents, inspected damaged properties, and reaffirmed government’s commitment to both emergency support and permanent protection works.

 

“We came here to see for ourselves what is happening after the sea broke through and caused this destruction,” President Mahama said. “This entire coastline is part of an ongoing coastal protection programme, and we are committed to making sure the right interventions are implemented.”

 

He explained that the area falls under the West Africa Coastal Areas (WACA) project, a $150 million World Bank-supported initiative designed to protect vulnerable coastal communities from sea erosion and tidal wave impacts.

 

“The WACA project is a major intervention covering this stretch from Ketu South through parts of Anloga,” he noted. “It will involve the construction of sea defence structures and groynes to reduce wave energy, as well as ecological measures like mangrove and coconut planting to help stabilize the shoreline.”

 

President Mahama acknowledged delays in the implementation process, attributing them in part to the 2024 election period, but assured residents that progress has resumed.

 

“Yes, there were delays last year because of the elections, but I am happy to report that the feasibility studies have been completed and we are now moving into the design phase,” he stated. “After that, we proceed to procurement and then actual construction.”

 

He further assured residents that funding for the project remains secure and that government is determined to see it through to completion.

 

“We want to assure you that the financing for this project is not in doubt,” President Mahama emphasized. “Government is fully committed to ensuring that this coastal protection project is implemented to safeguard lives and property.”

 

As an immediate response, he disclosed that government will collaborate with the Volta River Authority (VRA) to undertake dredging works at the estuary to help reduce pressure on the coastline.

 

“In the short term, we are working with VRA to do dredging at the estuary to help ease the tidal impact while we implement the bigger project,” he added.

 

President Mahama appealed for patience and cooperation from residents as government rolls out both short-term interventions and long-term solutions to address the persistent coastal erosion challenges affecting the Volta Region.

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Hon. Joana Gyan Cudjoe Delivers on Her Promise, Supports Achichire Community Center Project

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Hon. Joana Gyan Cudjoe, MP for Amenfi Central, has once again demonstrated her strong commitment to community development by fulfilling her promise to the people of Achichire. In support of their efforts to complete a much-needed community center, she donated 300 bags of cement along with 15 packages of roofing sheets today.

 

The donation was presented on her behalf by Hon. Peter Amponsah, the DCE, for Amenfi Central, together with constituency and branch executives.

 

This act goes beyond a simple donation, it reflects a deep dedication to improving lives and creating spaces where communities can come together, grow, and thrive. When completed, the Achichire Community Center will serve as a vital hub for social activities, meetings, and local initiatives, helping to strengthen unity and drive development in the area.

 

Hon. Gyan Cudjoe’s timely support has injected new energy and hope into the project, and the people of Achichire have expressed heartfelt appreciation for her continued leadership and commitment to their welfare.

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Accra to Host 12th District 94 Toastmasters Conference, Bringing Global Leaders Together

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Ghana is preparing to host more than 500 delegates from across West Africa and the global diaspora as Accra welcomes the 12th District 94 Conference of Toastmasters International. The four-day event, themed Lead With Purpose, Speak to Impact, is scheduled to run from April 29 to May 2, 2026.

The conference will officially open at Destiny Arena, with additional sessions and activities taking place at selected venues across the capital. Delegates are expected from over 12 West African countries, alongside participants from Central Africa, Europe, and the wider diaspora. Countries represented include Côte d’Ivoire, Cape Verde, The Gambia, Guinea, Guinea-Bissau, Liberia, Mali, Mauritania, Senegal, Sierra Leone, Togo, and host nation Ghana.

Positioned as a major platform for leadership and communication development, the conference will address key global and regional issues such as the rise of artificial intelligence, cultural transformation, and evolving geopolitical trends. The programme features keynote speeches, leadership masterclasses, panel discussions, speech contests, and networking sessions aimed at strengthening participants’ public speaking and leadership skills.

District 94 Director, Fatou Sakho, described the event as more than a traditional conference, highlighting its role as a meeting point for culture, innovation, and purpose. She noted that Accra 2026 represents an opportunity for Africa to demonstrate its leadership voice on a global stage.

Conference Chair, Suzy Aku Puplampu, emphasized the significance of Ghana hosting the event for the second time in seven years, following the 2018 edition. According to her, the conference reflects the growing influence of Toastmasters across the West African region.

Programme Quality Director, Ibrahim Sory Keita, added that participants will experience more than professional development, with organisers planning to showcase Ghana’s renowned hospitality through curated cultural and social activities.

Veteran Ghanaian Toastmaster, Papa Arkhurst, noted that the conference presents a unique opportunity to highlight Africa’s leadership potential, the Toastmasters tradition of developing communicators, and Ghana’s welcoming “Akwaaba” spirit.

The event will conclude with the International Speech Contest and International Evaluation Speech Contest, where top speakers from across the region will compete for top honours. Additional highlights include tourism experiences, networking events, and a Hall of Fame Recognition Ceremony and Gala Night celebrating excellence in leadership and public speaking.

The conference will also feature contributions from prominent figures in business and law, including Alhassan Andani, David Dorte, Julian Opuni, and Kwamina Asomaning.

As anticipation builds, the Accra 2026 Toastmasters Conference is expected to stand out as one of the continent’s leading leadership gatherings, bringing together emerging and established voices to exchange ideas, build networks, and inspire meaningful change.

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