The Economic and Organised Crime Office (EOCO) has reportedly granted bail to the former Chief Executive Officer of GIHOC Distilleries Company Limited, Maxwell Kofi Jumah, as investigations into alleged financial misconduct continue.
Mr. Jumah, who was arrested on Wednesday, April 29, 2026, has been set a bail condition of GH¢55 million. However, he remains in custody as his legal team is yet to fulfil the requirements needed for his release.
Confirming the development, Paul Yandoh of the New Patriotic Party (NPP) said the bail terms are proving difficult to meet due to the large amount involved.
“As of last night, he was given a bail bond of 55 million Ghana cedis before he can be released. I don’t have such an amount to come and bail him,” he stated.
He further explained that efforts by the legal team to secure acceptable assets have so far been unsuccessful.
“The lawyers cannot find assets that can amount to that figure… so he is still in custody,” he added.
Mr. Yandoh also questioned the justification for the bail amount, describing it as disproportionate to the allegations under investigation.
“How can somebody go and sell scrap and you are being asked to pay over 55 million? Why?” he questioned.
Mr. Jumah’s arrest followed a raid on his residence in Kumasi as part of EOCO’s ongoing investigations into alleged breaches of public financial management regulations during his tenure at GIHOC Distilleries.
