Friday, 30 October 2026

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Friday, 30 October 2026

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Ghanaian press · Organization

Ghana Infrastructure Investment Fund

Also known as: GIIF

Ghana Infrastructure Investment Fund — infrastructure financing entity involved in major projects including the Accra-Tema Motorway and Sky Train, currently subject to trial over alleged misappropriation.

2026-05-112026-10-30

News reports

Order a long-term news report on Ghana Infrastructure Investment Fund

Every mention in the Ghanaian press over the period you choose, compiled as a PDF or Word document.

In coverage

Verbatim sentences from the source article.

October 2026
29 OctThe Ghanaian Times
… Expressway Limited, a subsidiary of the Ghana Infrastructure Investment Fund, with the Ghana Highway Authority serving as the contracting authority. …
Motorway reconstruction 53 per cent complete
28 OctJoy Online
… Speaking at the event, the Deputy Managing Director for Investment at the Ghana Infrastructure Investment Fund (GIIF), Bennett Akantoa, acknowledged concerns about the pace of construction. …
ATEL launches website to provide updates on Accra-Tema Motorway expansion project
28 OctJoy Online
… The project is being undertaken in partnership with the government through the Ministry of Roads and Highways and the Ghana Highway Authority, with the Ghana Infrastructure Investment Fund (GIIF) serving as sponsor. …
Accra-Tema Motorway project to serve as model for infrastructure financing – ATEL CEO
28 OctJoy Online
… The Ghana Infrastructure Investment Fund (GIIF) is sponsoring the project, with the Ministry of Roads and Highways and the Ghana Highway Authority serving as public-sector partners. …
Accra-Tema Motorway expansion 53% complete, contractor urged to meet August 2027 deadline
15 OctDaily Guide
… Christopher Ameyaw-Akumfi The trial of former Chief Executive Officer of Ghana Infrastructure Investment Fund (GIIF), Solomon Asamoah and former Board Chairman of the Fund, Prof. …
Sky Train: SC Blocks Move To Halt Trial
14 OctJoy Online
The Supreme Court has dismissed an application by former Ghana Infrastructure Investment Fund (GIIF) Chief Executive Officer Solomon Asamoah seeking to overturn a High Court ruling that ordered him to open his defence in the alleged $2 million financial loss case involving the pr …
Supreme Court rejects Solomon Asamoah’s bid to overturn Sky Train ruling
7 OctThe Chronicle
Former Board Chairman of the Ghana Infrastructure Investment Fund (GIIF), Professor Christopher Ameyaw-Akumfi, has told the High Court in Accra that the controversial Accra SkyTrain project was duly considered and approved by the Fund’s Governing Board before the release of US$2 …
Ameyaw-Akumfi: GIIF Board Approved Sky Train Project Before US$2m Payment
6 OctDaily Guide
Solomon Asamoah The trial of former Chief Executive Officer of Ghana Infrastructure Investment Fund (GIIF), Solomon Asamoah and former Board Chairman of the Fund, Prof. …
Sky Train Trial On Hold For SC Decision
September 2026
25 SeptThe Ghanaian Times
The former Chief Executive Officer of the Ghana Infrastructure Investment Fund (GIIF), Mr Solomon Asamoah, and former Board Chairman, Prof. …
Former GIIF Boss, Chairman file defences in $2m SkyTrain case
23 SeptJoy Online
Ghana’s 24-Hour Economy agenda has reached an important project-development milestone with the signing of a Joint Project Preparation Facility (JPPF) Framework Agreement between the African Export-Import Bank (Afreximbank), the Ghana Infrastructure Investment Fund (GIIF) and the …
Afreximbank, GIIF and 24-Hour Economy Authority pact marks real progress toward 24-hour economy agenda

Business

Accra-Tema Motorway reconstruction 53 percent complete

The News

Reconstruction of the first section of the 19.5-kilometre Accra-Tema Motorway is 53 per cent complete, with work funded by A.T. Expressway Limited estimated at US$339 million and scheduled for completion in August 2027. The 27.7-kilometre corridor project includes a 10-lane highway, interchange reconstructions, toll plazas, and footbridges designed to ease congestion and improve road safety.

20 hours ago · The Ghanaian Times →

Yesterday

Accra-Tema Motorway reconstruction 53 percent complete
Reconstruction of the first section of the 19.5-kilometre Accra-Tema Motorway is 53 per cent complete, with work funded by A.T. Expressway Limited estimated at US$339 million and scheduled for completion in August 2027. The 27.7-kilometre corridor project includes a 10-lane highway, interchange reconstructions, toll plazas, and footbridges designed to ease congestion and improve road safety.
20 hours ago · The Ghanaian Times →

Wednesday 28 October

ATEL launches website for Accra-Tema Motorway project updates
Accra-Tema Expressway Limited has launched a website (www.atexpresswayltd.com) to provide the public with regular updates on the ongoing Accra-Tema Motorway and Extensions Project, including construction progress, traffic diversions, and safety advisories. The Chief Resident Engineer disclosed that work on the first section has reached 53 per cent completion, though construction is slightly behind schedule.
28 October 2026 · Joy Online →
Accra-Tema Motorway PPP model could shape Ghana infrastructure financing
The CEO of A.T. Expressway Limited says the Accra-Tema Motorway project, Ghana's first PPP toll road concession under a 30-year arrangement, is expected to establish a new model for financing major infrastructure without placing the entire financial burden on the state.
28 October 2026 · Joy Online →
Accra-Tema Motorway expansion 53% complete, August 2027 target set
The first section of the Accra-Tema Motorway and Extensions Project has reached 53 per cent completion 805 days after construction began in August 2024, according to the Chief Resident Engineer of Accra-Tema Expressway Limited. The contractor is being urged to accelerate work to meet the August 2027 completion deadline; the project will include a two-lane expressway, an urban highway with three lanes in each direction, and improvements to four interchanges.
28 October 2026 · Joy Online →

Thursday 15 October

Supreme Court dismisses bid to halt Sky Train trial
The Supreme Court has dismissed an application by former GIIF CEO Solomon Asamoah to strike out the High Court's order requiring him and former Board Chairman Prof. Christopher Ameyaw-Akumfi to open their defence in a trial over alleged $2 million financial loss from the Sky Train project. The trial is set to resume on October 19.
15 October 2026 · Daily Guide →

Wednesday 14 October

Supreme Court dismisses Asamoah's bid to overturn Sky Train ruling
The Supreme Court has rejected an application by former GIIF Chief Executive Officer Solomon Asamoah seeking to overturn a High Court ruling that directed him to open his defence in an alleged $2 million financial loss case involving the proposed Sky Train project. Asamoah and former GIIF Board Chair Prof. Ameyaw Akumfi are being tried over allegations they caused financial loss to the state through disbursement of funds for the project without requisite board approval and despite no work being undertaken.
14 October 2026 · Joy Online →

Wednesday 7 October

GIIF Board Approved SkyTrain Project Before US$2m Payment
Former Ghana Infrastructure Investment Fund Board Chairman Professor Christopher Ameyaw-Akumfi told the High Court that the Accra SkyTrain project was duly considered and approved by the Fund's Governing Board before the release of US$2 million, following established investment procedures including Investment Committee review.
7 October 2026 · The Chronicle →

Tuesday 6 October

Sky Train trial adjourned pending Supreme Court decision
The trial of former GIIF CEO Solomon Asamoah and former Board Chairman Prof. Christopher Ameyaw-Akumfi, charged with causing $2 million financial loss to the state through the Sky Train project, has been adjourned to October 19 to await a Supreme Court decision on an application to prohibit further hearing of the case. Asamoah's lawyers have also filed for certiorari challenging the court's order requiring him to mount a defence.
6 October 2026 · Daily Guide →

Friday 25 September

Former GIIF executives file defences in $2M SkyTrain case
The former CEO of the Ghana Infrastructure Investment Fund and former Board Chairman have filed their defences in a case alleging they authorised a $2M payment to a South African company for the SkyTrain project without prior Board approval. Their attempts to dismiss the trial at the Court of Appeal and Supreme Court have failed.
25 September 2026 · The Ghanaian Times →

Wednesday 23 September

Afreximbank and GIIF fund Ghana 24-Hour Economy project preparation
Ghana's 24-Hour Economy Authority has signed a Joint Project Preparation Facility Framework Agreement with the African Export-Import Bank (Afreximbank) and the Ghana Infrastructure Investment Fund (GIIF). Afreximbank and GIIF will each contribute US$5 million to finance technical, financial, legal and advisory work for priority projects under the 24-Hour Economy and Accelerated Export Development Programme, with the wider investment pipeline valued at approximately US$11.5 billion.
23 September 2026 · Joy Online →

Tuesday 15 September

GIIF's SPV model for Accra-Kumasi Expressway financing
Ghana's infrastructure financing challenge requires moving beyond traditional budget-based approaches. The Ghana Infrastructure Investment Fund's proposal to advance the Accra–Kumasi Expressway through a dedicated Special Purpose Vehicle could provide a blueprint for how Ghana structures, finances and delivers large-scale infrastructure as investable economic assets.
15 September 2026 · Joy Online →
Mahama announces $2bn set aside for Accra-Kumasi Expressway
President John Dramani Mahama has announced that the government has allocated $2 billion to finance the construction of the Accra-Kumasi Expressway using Ghana's own resources, with the money placed in a special account at the Bank of Ghana to ensure funding will not delay the project once construction begins.
15 September 2026 · The Chronicle →

Monday 14 September

Government requires strong capacity from Accra-Kumasi Expressway bidders
The Roads and Highways Minister says firms bidding for the Accra-Kumasi Expressway must demonstrate strong financial and technical capacity through an international competitive pre-qualification process. Government has established a Special Purpose Vehicle to drive the project's development, financing, construction, operation and maintenance.
14 September 2026 · Joy Online →

Tuesday 1 September

Court dismisses Ameyaw Ekumfi's bid to halt Skytrain trial
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.
1 September 2026 · Joy Online →
GIIF records GH¢1.62bn loss in 2025 after GH¢2bn profit
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.
1 September 2026 · Joy Online →

Monday 31 August

Supreme Court dismisses bid to halt Skytrain trial
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.
31 August 2026 · The Ghanaian Times →
Supreme Court rejects bid to halt Skytrain trial proceedings
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.
31 August 2026 · The Ghanaian Times →
Supreme Court dismisses Skytrain trial halting bid
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.
31 August 2026 · Joy Online →

Friday 28 August

Supreme Court adjourns Skytrain trial injunction ruling
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.
28 August 2026 · The Ghanaian Times →
Supreme Court to rule on Skytrain trial injunction bid
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.
28 August 2026 · Joy Online →

Wednesday 26 August

Court gives Skytrain defendants extension to file defence
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.
26 August 2026 · Daily Guide →

Monday 24 August

High Court extends deadline for Sky Train case defendants' defences
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.
24 August 2026 · Joy Online →

Friday 31 July

GHIB CEO outlines bank's vision supporting Ghanaian businesses globally
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.
31 July 2026 · Joy Online →

Friday 17 July

Buipe solar project construction begins next month, 1,500MW planned
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.
17 July 2026 · The Ghanaian Times →
Buipe solar project to begin construction next month
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.
17 July 2026 · The Ghanaian Times →

Thursday 16 July

CAGD denies GH¢11 billion spent on Accra-Kumasi Expressway
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.
16 July 2026 · The Ghanaian Times →
CAGD denies GH¢11bn spent on Accra-Kumasi Expressway project
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.
16 July 2026 · The Chronicle →
Accountant General denies GH¢11bn spent on Accra-Kumasi expressway
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.
16 July 2026 · Joy Online →

Thursday 2 July

High Court orders Sky Train case accused to open defence
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.
2 July 2026 · Joy Online →

Friday 26 June

FSD Africa, UK High Commission launch green infrastructure financing facility
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.
26 June 2026 · Joy Online →