Accra, Feb. 12, – A former Board Member of the Ghana Infrastructure Investment Fund (GIIF) has told the Accra High Court that the Board neither approved the Sky Train Project nor authorised the related US$2 million payment.
Mr Kofi Boakye, who served on the Board from 2017 to 2021 and acted as Board Secretary until March 2019, gave his evidence-in-chief in the trial of Professor Christopher Ameyaw-Akumfi, former GIIF Board Chairman, and Mr Solomon Asamoah, former Chief Executive Officer.
The two are charged with wilfully causing financial loss to the State, intentional dissipation of public funds, and conspiracy to commit crime.
Professor Ameyaw-Akumfi was granted bail of GH¢10 million with two sureties, one justified with landed property in the Greater Accra Region. Mr Asamoah secured bail of GH¢15 million with two sureties, all justified with registered land titles in Greater Accra.
Mr Boakye told Justice Audrey Kocuvie-Tay that the Sky Train Project was among several proposals reviewed during his tenure.
He said Mr Asamoah informed the Board that he had attended a South African investment summit as part of a government delegation where Sky Train presentations were made. The former CEO said the delegation decided GIIF should participate, and the Board subsequently expressed interest.
A presentation was later made to GIIF's Investment and Financing Committee, Mr Boakye stated, but stressed that the Board never formally approved the Sky Train Project nor the US$2 million share acquisition.
"All relevant information is captured in the Board's minutes," he told the court.
The case was adjourned to February 17, 2026, for continuation of the defence's cross-examination.
Background: The proposed Accra Sky Train is an elevated light rail system aimed at reducing traffic congestion and air pollution. In 2018, government signed an MoU with South Africa's AiSky Train Consortium. Following a feasibility study, a November 2019 build-operate-transfer agreement was signed for the US$2.6 billion project with capacity for 10,000 passengers per hour per direction.
GHBUSS
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