The Economic and Organised Crime Office (EOCO) has granted bail to Maxwell Kofi Jumah, the former Managing Director of GIHOC Distilleries Company Limited, amid ongoing investigations into alleged financial irregularities.
Mr Jumah was arrested on Wednesday, 29 April 2026. Although bail was set at GH¢55 million, he remains in custody as his legal team attempts to meet the stringent requirements.
Paul Yandoh of the New Patriotic Party (NPP) confirmed that the high valuation of the bail terms has made his release difficult.
“As of last night, he was given a bail bond of 55 million Ghana cedis before he can be released from custody. I don’t have such an amount to come and bail him,” he said.
Mr Yandoh noted that lawyers have been unable to provide assets that match the required threshold.
“The lawyers cannot find assets that can amount to that amount… so he is still in custody,” he added.
“How can somebody go and sell scrap… and you are calling for over 550 million? Why?” he asked.
By: Rainbowradioonline.com/Ghana
