Mustapha Gbande, the Deputy Director of Operations at the Presidency has boldly stated the former CEO of the Ghana Industrial Holding Company (GIHOC), Maxwell Kofi Jumah will soon take his medication in jail.
According to Mustapha Gbande, the crimes committed by the Kofi Jumah will shock Ghanaians.
He emphasised that Kofi Jumah has a lot of questions to answer due to his alleged involvement in dubious actions.
Speaking on Onua TV, Mustapha Gbande detailed, “If I tell you the crimes committed by Maxwell Kofi Jumah, you will be shocked. He had the audacity to proudly claim that, as an in-law of President Akufo-Addo, he is untouchable. He says he can move heaven and earth. He claims he is sick — well, he will take his medication in police custody.
The car bought for his official use at $90,000 was later auctioned to himself for just GH₵40,000 when he was leaving office. He fled when the police stormed his house last week to arrest him.
They retrieved one of the cars in his possession. He has ruined the GIHOC facility in Kumasi. These are the kinds of people who had the effrontery to declare that any GIHOC employee who joined a demonstration would be dismissed”.
It will be recalled the home of Maxwell Kofi Jumah was stormed by National security operatives in an attempt to recover state-owned vehicles reportedly in his possession.
According to reports the raid on Kofi Jumah’s home occurred in the early morning of Thursday, May 15, 2025.
The information gathered that the former GIHOC boss is currently under investigation for alleged financial illegality during his tenure and also the acquisition of state vehicles and mismanagement of company assets.
On August 1, 2019, a letter from the Board of Directors of GIHOC approved Mr. Jumah’s purchase of a Genesis G90 saloon car (registration number GE 86 22-19), following his Conditions of Service as Managing Director.
The vehicle valued at over $100,000, was sold to him shockingly for just 5% of its value GHS 4,943.11 a letter signed by the company’s Secretary and Head of Administration, Apea Twumasi-Ankrah confirmed it.
Reports suggest an independent valuation conducted by the State Transport Corporation placed the car’s value at GHS 98,862.00. The assessment was completed by Daniel K. Orhin, with certification number 0014073.
Also, Kofi Jumah is being investigated for allegedly retaining two additional official vehicles including an Audi valued at over $60,000.
Additional allegations suggest Kofi Jumah inflated the staff numbers at GIHOC and is also accused of selling company properties in Tema valued at over $700,000 without authorization.
Meanwhile, Magdalene Ndamley the Deputy Chief Executive Officer of GIHOC Distilleries Company Limited (GIHOC) has shockingly accused the former CEO of GIHOC Maxwell Kofi Jumah of stealing which led to the collapse of GIHOC.
According to Magdalene Ndamley, Kofi Jumah was allegedly stealing GH¢40,000 weekly from GIHOC for eight years.
She boldly asserted that the former CEO incurred massive debts which has collapsed GIHOC Distilleries Company Limited.
Magdalene Ndamley further revealed that GIHOC collapsed because management and staff were looting the resources of the company.
Watch the video below:
It’s coming. pic.twitter.com/B1e4JjChWQ
— Esi ⚖️ (@EsinamJean) June 5, 2025
