The legal team for the former board chairman of the Ghana Infrastructure Investment Fund (GIIF), Prof Ameyaw-Akumfi’s has filed a motion to stop the criminal proceedings in the $2m Sky Train case.
Prof. Ameyaw-Akumfi’s legal team is asking the court to strike out the charges against him, arguing the case is premature and requesting a Supreme Court review.
The lawyers are also requesting the court to refer a constitutional question to the Supreme Court under Article 130(2) of the 1992 Constitution.
According to reports, the lawyers want the Supreme Court to determine whether Sections 1 and 7 of the Public Property Protection Law (SMCD 140) are consistent with Article 19 of the Constitution, which guarantees the right to a fair trial.
The case has been adjourned by the High Court to July 9, when it will deliver a ruling on the defence’s motion.
The prosecutors have also withdrawn four witness statements, with the state now intending to rely on eight witnesses for its case.
Meanwhile, Edward Nana Yaw Koranteng, an officer of the National Intelligence Bureau (NIB) in his witness statement, revealed that the two accused, former CEO of the Ghana Infrastructure Investment Fund (GIIF), Solomon Asamoah and then board chairman, Prof. Ameyaw Akumfi approved a $2 million payment without board approval.
Edward Nana Yaw Koranteng, who is now the current CEO of GIIF, revealed that the documents he reviewed after assuming office indicated that although the GIIF board had initially approved an in-principle support, no final investment decision had been formally endorsed on the Sky Train project.
“The payment of USD2 million was executed without board approval, and no effort was made to recover the funds despite a breach in the condition precedent,” the witness statement read.
The Office of the Attorney General filed charges against the former Board Chair of the Ghana Infrastructure Investment Fund (GIIF), Professor Christopher Ameyaw-Akumfi and 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 unauthorised 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 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.
See the post below:
Prof. Ameyaw-Akumfi’s legal team has filed a motion to stop the criminal proceedings, arguing the case is premature and requesting a Supreme Court review. #TV3GH pic.twitter.com/KM0COjSa1L
— #TV3GH (@tv3_ghana) June 24, 2025
