Former GIHOC boss granted bail as team struggles to meet GH¢65m condition

The Economic and Organised Crime Office (EOCO) has granted bail to former Chief Executive Officer of GIHOC Distilleries Company Limited, Maxwell Kofi Jumah, as investigations into alleged financial irregularities continue.

Jumah was granted bail of GH¢65 million but remains in custody as his legal team has been unable to satisfy the conditions.

According to the Ashanti Regional Communications Director of the New Patriotic Party (NPP), Paul Yandoh, Jumah’s lawyers have struggled to identify assets that could meet the bail requirement.

“As of last night, he was given a bail bond of GH¢65 million before he can be released from custody. I don’t have such an amount to come and bail him. The lawyers cannot find assets that can amount to that figure, so he is still in custody,” Yandoh said, questioning the scale of the bail.

Jumah’s arrest followed a raid on his Kumasi residence as part of EOCO’s probe into possible breaches of public financial management protocols during his tenure at GIHOC.

EOCO arrests Kofi Jumah over allegations of financial irregularities

He was picked up at his Accra residence on Wednesday, April 29, 2026.

The development comes amid intensified efforts by state agencies under the Mahama administration to scrutinise the handling of public funds, with several former officials facing investigations.

Meanwhile, the Minority Caucus in Parliament has condemned Jumah’s arrest, describing it as “an act of political persecution."

SA/MA