Professor Ameyaw-Akumfi, former Board Chairman of the Ghana Infrastructure Investment Fund (GIIF), has been granted bail in the sum of GH₵10 million with two sureties to be justified with landed properties situated in Accra.
This follows a spirited bail application by his legal counsel during proceedings at the High Court in Accra on Monday, May 26.
The 80-year-old academic and statesman is facing four charges in connection with the controversial Sky Train project, which involved the payment of $2 million for a proposed urban rail system that was never realised.
He has pleaded not guilty to all charges, including wilfully causing financial loss to the state and the intentional dissipation of public funds.
