The Criminal Investigations Department (CID) boss DCOP Lydia Yaako Donkor has revealed that three cars have been retrieved from the former GIHOC boss, Kofi Jumah.
According to the Police CID, Kofi Jumah has been moved to the Criminal Investigations Department (CID) of the Ghana Police Service in Accra after he was picked up by the National Security operatives from his Kumasi residence on Sunday, June 29, 2025.
The information gathered suggests, Maxwell Kofi Jumah was picked while celebrating his birthday at a private residence in Kumasi.
Kofi Jumah is now in custody and assisting with investigations.
According to reports, the raid on Kofi Jumah’s home occurred in the early morning of Thursday, May 15, 2025.
The information gathered is that the former GIHOC boss is currently under investigation for alleged financial illegality during his tenure, as well as the acquisition of state vehicles and the 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 authorisation.
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 led to the collapse of GIHOC Distilleries Company Limited.
Magdalene Ndamley further revealed that GIHOC collapsed because management and staff were looting the resources of the company.
See the post below:
The arrested former GIHOC boss brought in to inspect vehicles that were retrieved from his custody at the CID headquarters today! pic.twitter.com/3qIDgMEkIQ
— Vanessa Edotom Boateng (@VanessaEboateng) June 30, 2025
Three cars have been retrieved from Fmr. GIHOC Boss. He is in our custody and assisting with investigations – CID Boss#MetroNews pic.twitter.com/s0EB2CD3Zh
— Metro TV Ghana (@metrotvgh) June 30, 2025
