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Politics of Monday, 24 February 2025

    

Source: www.ghanawebbers.com

Prof. Ameyaw-Akumfi arrested over $2M Sky Train scandal

Prof. Christopher Ameyaw-Akumfi Prof. Christopher Ameyaw-Akumfi

Former Ghana Infrastructure Investment Fund (GIIF) Board Chairman, Prof. Christopher Ameyaw-Akumfi, has been detained by the National Intelligence Bureau (NIB) over his alleged role in the failed $3 billion Accra Sky Train project, 3news reports.

Sources indicate he authorized a $2 million payment to Africa Investor Holdings before feasibility studies were conducted.

The 2021 Auditor-General’s report classified the investment as a net liability, raising concerns about financial mismanagement.

His legal team worked to secure his release as investigations continue.