Ghana Infrastructure Investment Fund — state institution managing infrastructure investments, currently facing trial allegations over $2 million Skytrain project loss and recording GH¢1.62bn loss in 2025.
… Prof Ameyaw Ekumfi, former Board Chair of the Ghana Infrastructure Investment Fund (GIIF) and the second accused, had asked the Court of Appeal to stay proceedings pending his appeal against the High Court’s refusal to uphold his submission of no case. …
The Ghana Infrastructure Investment Fund (GIIF) recorded a net loss of GH¢1.62 billion in 2025, reversing the GH¢2 billion profit achieved in the previous year. …
The Supreme Court has dismissed an application by former Ghana Infrastructure Investment Fund (GIIF) Chief Executive Officer, Solomon Asamoah, seeking to stop the ongoing Skytrain trial. …
The Supreme Court has dismissed an application by former Ghana Infrastructure Investment Fund (GIIF) Chief Executive Officer, Solomon Asamoah, seeking to stop the ongoing Skytrain trial. …
The Supreme Court has dismissed an application by the former Chief Executive Officer of the Ghana Infrastructure Investment Fund (GIIF), Solomon Asamoah, seeking to halt proceedings in the ongoing Skytrain trial. …
The Supreme Court has adjourned to Monday, August 31, 2026, to rule on an application seeking to halt proceedings in the ongoing Skytrain trial involving former Ghana Infrastructure Investment Fund (GIIF) Chief Executive Officer, Solomon Asamoah. …
… Christopher Ameyaw-Akumfi A High Court in Accra has turned down a request by the Deputy Attorney General to convict the former Chief Executive Officer of Ghana Infrastructure Investment Fund (GIIF), Solomon Asamoah and former Board Chairman of the Fund, Prof. …
The High Court has given former Ghana Infrastructure Investment Fund (GIIF) Chief Executive Officer, Solomon Asamoah, and former GIIF Board Chairman, Prof. …
The Court of Appeal has rejected an application by Prof Christopher Ameyaw Ekumfi, former Board Chair of the Ghana Infrastructure Investment Fund, to stay proceedings in the ongoing Skytrain trial, finding he had not demonstrated exceptional circumstances. The accused persons are expected to file their defences by September 23, 2026, as the trial proceeds over allegations that $2 million was paid for the Skytrain project without board approval.
The Court of Appeal has rejected an application by Prof Christopher Ameyaw Ekumfi, former Board Chair of the Ghana Infrastructure Investment Fund, to stay proceedings in the ongoing Skytrain trial, finding he had not demonstrated exceptional circumstances. The accused persons are expected to file their defences by September 23, 2026, as the trial proceeds over allegations that $2 million was paid for the Skytrain project without board approval.
The Ghana Infrastructure Investment Fund posted a net loss of GH¢1.62 billion in 2025, reversing the previous year's GH¢2 billion profit due to a sharp income decline, rising operating costs, and a GH¢1.87 billion foreign-exchange loss driven largely by Ghana cedi movement.
The Supreme Court has rejected an application by former GIIF Chief Executive Officer Solomon Asamoah to stop the ongoing Skytrain trial. Justice Senyo Dzamefe ruled that Asamoah had not demonstrated a serious case to be tried or irreparable harm, and that the issues raised could be addressed through appeal.
The Supreme Court has dismissed an application by former Ghana Infrastructure Investment Fund Chief Executive Officer Solomon Asamoah to stop the ongoing Skytrain trial, finding he had not demonstrated a serious case to be tried or irreparable harm if the injunction was not granted. The High Court can now continue with the trial while Asamoah's certiorari application remains pending.
The Supreme Court dismissed an application by Solomon Asamoah, former CEO of the Ghana Infrastructure Investment Fund and first accused in the Skytrain trial, seeking an interlocutory injunction to halt High Court proceedings. Justice Senyo Dzamefe ruled that Asamoah failed to demonstrate a serious case to be tried or irreparable harm, and held that the issues were matters for appeal rather than certiorari.
The Supreme Court has adjourned its ruling on an interlocutory injunction application filed by Solomon Asamoah, the first accused in the Skytrain scandal trial, who also seeks a certiorari order to quash the High Court's dismissal of his no-case submission and variation of bail conditions. The court will deliver its ruling on August 31.
The Supreme Court will rule on Monday, August 31, 2026, on an application by former Ghana Infrastructure Investment Fund CEO Solomon Asamoah seeking to suspend proceedings in his ongoing trial pending the determination of his certiorari application, which challenges the High Court's rejection of his submission of no case and an alleged variation of his bail conditions.
An Accra High Court has rejected the Deputy Attorney General's request to convict former GIIF CEO Solomon Asamoah and ex-Board Chairman Prof. Christopher Ameyaw-Akumfi for failing to file their defence on schedule, instead granting them until September 23, 2026 to submit their defence and other court processes. The two are on trial for allegedly causing $2 million in financial loss to the state through investment in the Sky Train project.
The High Court has given former Ghana Infrastructure Investment Fund Chief Executive Officer Solomon Asamoah and former GIIF Board Chairman Prof. Christopher Ameyaw-Akumfi until September 23, 2026, to file their defences in the Sky Train case, which concerns an alleged US$2 million financial loss to the state from a 2019 payment towards an equity stake in the Ghana Sky Train project that never materialised.
The new CEO of Ghana International Bank spent 10 working days in Ghana during his first month to understand the bank's customers and communities, and believes GHIB's greatest opportunities lie in financing trade and partnering with Ghanaian businesses as they expand internationally. Since its establishment in 1959, the bank has served as a bridge between Ghana and the world's financial markets.
Construction of the first phase of the Buipe solar power project, expected to generate 1,500 megawatts with initial 100 megawatts coming on stream next month, will begin under Ghana's 24-Hour Economy and Accelerated Export Development Programme. The project aims to reduce electricity costs for industry from 18–23 US cents per kilowatt-hour to seven–nine cents and boost manufacturing competitiveness.
Construction of the first phase of the Buipe solar power project, expected to generate 1,500 megawatts, will begin next month under Ghana's 24-Hour Economy and Accelerated Export Development Programme. The initial 100 megawatts is expected to come on stream next month, with the project aimed at reducing electricity costs for industry and boosting manufacturing competitiveness.
The Controller and Accountant General's Department has dismissed claims that the government has spent nearly GH¢11 billion on the Accra Kumasi Expressway project, stating the funds were approved and transferred to a dedicated Bank of Ghana account but have not been paid to contractors or used for construction works.
The Controller and Accountant-General's Department has refuted claims that the government has spent almost GH¢11 billion on the proposed Accra-Kumasi Expressway, stating the funds remain in a dedicated Bank of Ghana account and have not been disbursed to any contractor. The Department said the claim stems from a misinterpretation of government accounting procedures, as the approved funds were transferred from the Consolidated Fund but remain pending project execution.
The Controller and Accountant-General's Department dismissed claims that GH¢11 billion has been spent on the Accra-Kumasi Expressway project, clarifying that while funds were transferred to the project's Special Purpose Vehicle, the money remains in a Bank of Ghana account and has not been paid to contractors or used for construction.
The High Court has dismissed a submission of no case filed by former GIIF Chief Executive Officer Solomon Asamoah and former GIIF Board Chairman Prof. Christopher Ameyaw-Akumfi in the "Sky Train" case, involving an alleged US$2 million financial loss to the state over a 2019 payment for an equity stake in an unbuilt rail project. The court has directed the two accused to open their defence and explain why they should not be convicted.
FSD Africa, the British High Commission, and Ghana's Infrastructure Investment Fund have launched a Green Project Preparation Facility to bridge Ghana's infrastructure financing gap by preparing climate-aligned projects for investment. The facility is initially capitalised with GBP5 million from the UK Government.
Following President Mahama's visit to London, the UK and Ghana launched a Growth Partnership aimed at delivering jobs, investment, and growth through diaspora engagement, business summits, and expanded trade. Trade between the countries has reached around £1.6 billion, with British International Investment having invested approximately £140 million in Ghana.
President Mahama visited the UK to launch the UK–Ghana Growth Partnership, which aims to deepen economic ties through diaspora engagement, business investment, and job creation. The partnership builds on existing trade of £1.6 billion and a Trade Partnership Agreement now in its fifth year.
FSD Africa, the British High Commission, and the Ghana Infrastructure Investment Fund have launched a Green Project Preparation Facility to bridge Ghana's infrastructure financing gap and prepare climate-aligned projects for investment. The facility was initially capitalised with £5m from the UK Government and will seek to build an investible pipeline of green infrastructure projects and mobilise private capital.
FSD Africa, the British High Commission, and Ghana Infrastructure Investment Fund have launched a Green Project Preparation Facility to prepare climate-aligned infrastructure projects for investment, initially capitalised with £5 million from the UK Government. The facility aims to build a pipeline of investable green infrastructure projects, reduce development risk, and mobilise private capital.
Lawyers for former GIIF CEO Solomon Asamoah and former Board Chairman Prof. Christopher Ameyaw-Akumfi have told the High Court that the alleged $2 million loss in the Sky Train deal was caused by the Covid-19 pandemic, not criminal wrongdoing. They filed a submission of no case after the prosecution closed its case following testimony that the GIIF Board did not approve the project funding.
An opinion piece argues that Ghana's restored macroeconomic stability—including Cedi appreciation, 3.3% inflation, 6% GDP growth, and 45.3% debt-to-GDP ratio in 2025—creates the foundation for a structured partnership between government and business to drive economic transformation.
Ghana's government is appealing to diaspora members, particularly in the United Kingdom, to channel a portion of record US$7.8 billion annual remittances into productive investment and export-led growth under the 24-Hour Economy and Accelerated Export Development Programme. Presidential Adviser Augustus Goosie Tanoh said the diaspora's 2025 remittances were up from around four billion six years ago and now exceed official development assistance and foreign direct investment combined.
The United Kingdom and Ghana have launched a Growth Partnership to create jobs, strengthen infrastructure, expand trade, and improve access to skills and education, with investment commitments worth up to £215 million secured at the Ghana Investment Summit in London. The agreement, signed during President John Mahama's visit to the UK, will guide cooperation from 2026 to 2028 and includes the £101 million Takoradi Floating Dock Project (ShipRite) expected to create up to 430 direct jobs.
Deloitte Africa's head of infrastructure says blended finance—combining public, philanthropic, and commercial capital—is critical for funding projects in the US$1–5 million range that struggle to attract conventional financing in Ghana and across the continent.
Ghana and the United Kingdom have launched a three-year Growth Partnership from 2026 to 2028 aimed at mobilising investment, creating jobs and supporting infrastructure development through projects worth up to £215 million. Flagship initiatives include a £101 million maritime infrastructure project in Takoradi expected to create up to 430 direct jobs and position Ghana as a regional maritime services hub.
Ghana and the United Kingdom have signed a Growth Partnership framework for 2026–2028 aimed at mobilising investment, creating jobs and supporting infrastructure development, with projects worth up to £215 million. Among flagship initiatives is a £101 million maritime infrastructure project in Takoradi expected to create up to 430 direct jobs.
The UK-backed Private Infrastructure Development Group has announced a £101 million investment in a ship repair and dry docking facility at Takoradi Port, expected to create up to 430 jobs and strengthen Ghana's maritime sector. The investment was announced at the Ghana-UK Investment Summit in London, attended by President John Dramani Mahama and described as the largest investment to date by the organisation in Ghana.