The former Board Chairman of the Ghana Infrastructure Investment Fund (GIIF), Prof. Ameyaw-Akumfi, has pleaded not guilty to charges of wilfully causing financial loss to the state, intentional dissipation of public funds, and conspiracy to commit a crime.
His plea was taken on Monday, May 26, after he failed to appear before the court on two previous occasions due to reported medical emergencies.
Prof. Ameyaw-Akumfi is standing trial alongside Solomon Asamoah, a former CEO of the GIIF, over the controversial transfer of $2 million of public funds into a private account belonging to Africa Investor Holdings.
The funds were reportedly transferred for the construction of a proposed Sky Train project without proper authorization and due diligence.
The prosecution maintains that the transaction carried out during their tenure, was conducted without following the necessary legal and administrative procedures, thereby causing the state significant financial loss.
Both accused persons deny any wrongdoing and are expected to mount a full defense as the trial proceeds.
