Two former top officials of the Ghana Infrastructure Investment Fund (GIIF) are facing criminal charges over their alleged roles in the now-defunct Accra Sky Train project, which cost the state $2 million but never materialised.
The Attorney General, Dr. Dominic Akuritinga Ayine filed charges at the High Court (Criminal Division) against Solomon Asamoah, the former CEO of GIIF, and Prof. Christopher Ameyaw-Akumfi, who served as Board Chair.
The charges include wilfully causing financial loss to the state, conspiracy to commit a crime, and the intentional dissipation of public funds.
According to prosecutors, the two authorised a $2 million payment in February 2019 to Africa Investor Holdings Limited for feasibility and preparatory work on the Sky Train project. But the funds were disbursed without proper board approval or the necessary financial due diligence.
Launched in 2018 as a high-profile public-private partnership aimed at transforming public transportation in Accra, the Sky Train project promised a modern urban rail network to ease the capital’s congestion.
It was backed by a memorandum of understanding between the Ministry of Railways Development, Africa Investor Holdings, and GIIF.
However, years later, the project has stalled indefinitely, with no physical infrastructure in place. Investigations by the Attorney General’s office have since uncovered what it calls “serious breaches” of GIIF’s governance procedures.
The Attorney General alleges that the payment was made at the request of Prof. Ameyaw-Akumfi and Solomon Asamoah, who reportedly bypassed standard processes to push through the transfer.
The state is now seeking accountability over what has been described as an unjustifiable use of public funds on a project that never took off.
