Solomon Asamoah, the former Chief Executive Officer (CEO) of Ghana Infrastructure Investment Fund (GIIF) is still in custody after failing to meet bail conditions.
The former CEO’s bail was granted after he was arraigned before the High Court in Accra on May 13, 2025, after the Attorney General filed charges against him and Prof Christopher Ameyaw-Ekumfi.
Solomon Asamoah was granted bail to the sum of GH¢15 million. The second accused in the Sky train scandal Prof Ameyaw-Ekumfi, was, however, absent from the court, reportedly due to health reasons.
According to reports, Solomon Asamoah remains in custody after failing to meet bail conditions imposed a week ago.
During proceedings on Tuesday, May 20, it was revealed that Mr Asamoah is yet to meet those bail conditions and therefore remains in custody.
The case has been adjourned to Monday, May 26, at 10:00 a.m.
The Office of the Attorney General filed charges against suspects involved in the $2m Sky Train scandal.
The charges were filed against the former Board Chair of the Ghana Infrastructure Investment Fund (GIIF), Professor Christopher Ameyaw-Akumfi and one Solomon Asamoah.
According to reports the charges brought under Section 23(1) and Section 179A(3)(a) of the Criminal Offences Act, 1960 (Act 29), indicate a $2 million payment made in 2019 to Africa Investor Holdings Limited for the development of an urban Sky Train system in Accra—a project that was never executed.
The court documents suggest the funds were disbursed in February 2019 without the necessary board approval for either the share acquisition or the payment itself it unauthorized release has triggered criminal proceedings.
The $2 million violated proper procedure, Professor Ameyaw-Akumfi has been named as the second accused in the case informed investigators in his caution statement that he only approved the transfer based on a recommendation by the first accused, Solomon Asamoah, then Chief Executive of the GIIF.
Neither Professor Ameyaw-Akumfi nor Solomon Asamoah have been able to account for the missing funds.
