Solomon Asamoah, former Chief Executive Officer of the Ghana Infrastructure Investment Fund (GIIF) and first accused in the ongoing Sky Train case, remains in custody after failing to meet bail conditions set by the court a week ago.
Mr. Asamoah is on trial alongside the fund’s former Board Chair, Professor Christopher Ameyaw-Akumfi, for allegedly authorising the unlawful transfer of $2 million in public funds to Africa Investor Holdings — the company contracted to construct and operate the proposed Sky Train project.
According to prosecutors, the payment was made without proper authorisation, and no work was done to justify the disbursement.
At the initial court hearing on May 13, Mr. Asamoah pleaded not guilty and was granted bail of GH¢15 million with two sureties, both required to justify their bail with landed property located within Accra.
However, during proceedings on Tuesday, May 20, it was disclosed that Mr. Asamoah has not yet satisfied the bail requirements and therefore remains in custody.
Meanwhile, Professor Ameyaw-Akumfi was again absent from court, following his earlier absence at the first hearing due to reported ill health.
His lawyer, Duke Aaron Sasu, informed the court that the former board chair had been rushed to the hospital earlier in the day.
Presiding judge, Justice Comfort Tasiame, raised concerns about the timing of Prof. Ameyaw-Akumfi’s medical emergencies, which appear to coincide with court dates. Despite this, his counsel assured the court that he would be present for arraignment on Friday.
Deputy Attorney General, Dr. Justice Srem-Sai, acknowledged the judge’s concern and indicated that the prosecution may reassess its approach regarding the accused’s absence at the next hearing.
The case has been adjourned to Monday, May 26, at 10:00 a.m.
