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

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.
General News
Media Responsibility in Digital Age: Mahama calls for Accountability in new Media Landscape

President John Dramani Mahama has emphasised the critical need for media regulation in the era of social media during a recent presidential media encounter. He said, the world is moving from traditional media to new media platforms like TikTok, Facebook, and X, highlighting the transformative shift in information dissemination.
The President warned about the potential dangers of unregulated digital communication, noting that “anybody with a phone and a camera can now report news or comment on national issues.” He stressed the importance of holding these new content creators accountable to prevent potential social conflicts.
He said, if the government don’t regulate that sector, it can lead this nation to war, pointing to specific instances where inflammatory social media content has fuelled tensions, such as in the Bawku situation and Gonja conflicts.
While acknowledging the removal of criminal libel laws, Mahama underscored that legal mechanisms still exist to address harmful content, particularly hate speech and incitement to violence on digital platforms.
The call for responsible digital communication comes as a critical intervention to maintain social harmony and prevent the misuse of communication technologies.
General News
Kojo Preko Dankwa Challenges Mahama on Galamsey; President Insists Emergency Powers Not Needed Yet

President John Dramani Mahama has dismissed calls for the declaration of a state of emergency in the fight against illegal mining, popularly known as galamsey, despite growing concerns over its impact on water supply.
The debate comes on the back of a proposed 280% increase in water tariffs by the Ghana Water Company Limited (GWCL), which partly attributes the hike to the rising cost of treating water polluted by illegal mining activities.
During a public engagement, a participant asked the President whether the government would consider invoking a state of emergency to address the menace.
Responding, President Mahama said his administration was not yet prepared to take such a drastic step. He explained that existing laws already give security agencies and regulators enough authority to arrest offenders, seize equipment, and enforce forest protection measures without resorting to extraordinary powers.
“I’ve been reluctant to implement a state of emergency in the galamsey fight because we’ve not exhausted the powers we already have,” the President stated. “Implementing a state of emergency might sound nice, but it should be the last resort.”
He further noted that declaring a state of emergency would require parliamentary approval and could only last for a limited duration, making it a complex measure to apply effectively.
“The areas where galamsey is taking place cover several districts of our country. If we were to declare a state of emergency, we would need to delineate those areas clearly. For now, I believe we have given the security services enough powers to deal with those involved,” Mahama added.
Illegal mining has long plagued Ghana, contaminating rivers, destroying farmlands, and threatening sustainable access to potable water. While government crackdowns have intensified in recent years, the practice remains widespread, putting pressure on the country’s water resources and prompting difficult policy choices.
General News
Agri-Impact CEO Warns: Agriculture Budget Too Small to Drive Ghana’s Economic Transformation

The Chief Executive Officer (CEO) of Agri-Impact Group, Daniel Acquaye, has criticized the government’s allocation to the agriculture sector in the 2025 budget, describing it as inadequate to drive the country’s economic transformation.
Speaking at the PwC post-budget digest in Accra, Mr. Acquaye said only GH¢1.5 billion (about $100 million), representing 0.54 percent of the GH¢279 billion national budget, was set aside for agriculture. He stressed that this amount was insufficient, noting that achieving rice self-sufficiency alone would require over $100 million—equivalent to the entire agricultural allocation.
He warned that the underfunding contradicted government’s stated objective of making agriculture the backbone of economic growth.
Mr. Acquaye urged government to establish an Agriculture Fund, similar to the Ghana Education Trust Fund (GETFund), to guarantee sustainable financing for the sector. According to him, while education produces skilled labour, there is little investment in industries such as agriculture that can employ those graduates. Proper funding, he argued, would tackle youth unemployment, boost food security, and stimulate rural economies.
“A billion dollars from agriculture creates more jobs and opportunities than the same amount from oil or mining,” Mr. Acquaye emphasized.
The call aligns with the Malabo Declaration under the Comprehensive African Agricultural Development Programme (CAADP), where African Union members—including Ghana—committed to allocating at least 10 percent of national budgets to agriculture and achieving six percent annual growth in the sector.
Meanwhile, PwC Ghana’s Senior Country Partner, Vish Ashiagbor, noted that although the agriculture allocation looked small, complementary projects such as the GH¢10 billion “Big Push” for infrastructure and planned agri-zones could indirectly support the sector. He described the 2025 budget as a “good start,” but cautioned that effective implementation would be key to realizing its intentions.
On the increase in the Growth and Sustainability Levy to three percent, Mr. Ashiagbor expressed concern that sudden tax hikes could destabilize mining companies’ long-term planning, though he acknowledged government’s pressing need to raise revenue in a tight fiscal space.
Both speakers agreed that while the budget signaled intent, a stronger focus on execution and sustainable sector-specific funding was crucial to unlocking agriculture’s full potential in Ghana’s economy.
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