A document containing a sentence stating that former Chief Executive Officer (CEO) of Ghana Infrastructure Investment Fund (GIIF), Solomon Asamoah, informed the Board that “following the approval by the board that the sum of $2 million be invested in the Skytrain project with GIIF as the anchor investor in return for a 10 per cent stake”, became the subject of cross-examination when the case was called for hearing today (Feb 9).
Asamoah and Prof. Christopher Ameyaw-Akumfi, a former Board Chairman of GIIF have been accused of conspiring to cause financial loss of $2 million for building the skytrain system which was never built.
A former Board Member GIIF, Yaw Odame-Darkwa, who is the first prosecution witness had testified in his evidence-in-chief that the project never received board approval.
Approval
Taking his turn to cross-examine the witness, counsel for Prof Ameyaw-Akumfi, Yaw Acheampong Boafo, sought to make a case that the Finance Officers of GIIF, who disbursed the $ 2 million could not have acted without approval of the Board but the witness insisted that there was no board approval.
