Lawyers for Solomon Asamoah and Prof Christopher Ameyaw-Akumfi have informed the Accra High Court that the Covid-19 pandemic caused the failure of the Accra Sky Train project. They state the pandemic, not criminal action, led to the loss of a $2 million (GHS 25 million) investment. Mr. Asamoah served as the former Chief Executive of the Ghana Infrastructure Investment Fund (GIIF). Prof Ameyaw-Akumfi was the former Board Chairman.
The defence made this argument while urging the court to dismiss the case against the two former GIIF officials. The officials face charges related to the collapsed Accra Sky Train project. This project aimed to reduce traffic congestion in Accra through an automated elevated rail system. The court proceedings highlight ongoing scrutiny of public project financing in Ghana.
This case reflects broader concerns about governance and public financial management in Ghana. High-profile projects often face delays and cost overruns. Ghana’s Auditor General frequently flags irregularities in public spending, underscoring the need for accountability. The GIIF's role in infrastructure development is critical for national growth plans. Transparency in GIIF transactions remains a key public interest.
Prosecutors allege GIIF transferred $2 million to Africa Investor Holdings Limited in February 2019. They claim this occurred without required approvals or proper governance procedures. The prosecution insists the transaction lacked formal board approval. They also state the funds were spent without producing any infrastructure or tangible assets. The State charges the two men with conspiracy to commit a crime, wilfully causing financial loss, and intentionally dissipating public funds.
The defence strongly disputes these claims. Lawyers for the accused stated GIIF followed established procedures. They said the transaction was regularly discussed at both management and board meetings. They presented documentary evidence, including board meeting minutes and internal communications. These documents, they claim, prove GIIF officials monitored the project throughout its implementation. The defence has filed a submission of no case to answer. They argue the prosecution has not provided enough evidence to require their clients to present a defence. The prosecution has concluded its case after presenting all witnesses.
The High Court's decision on the submission of no case to answer will be critical. It will determine if the trial proceeds or if the charges are dismissed. This ruling will have implications for public officials involved in state-funded projects. It will also influence how future infrastructure investments are scrutinised. The outcome will likely shape public perception of accountability in Ghana's financial sector.