Ex-GIHOC Boss Kofi Jumah granted GH¢55m bail

The Economic and Organised Crime Office (EOCO) has granted bail to former GIHOC Distilleries boss Maxwell Kofi Jumah as it continues probing alleged financial misconduct.

Mr Jumah, who was picked up on Wednesday, April 29, 2026, has been granted bail set at GH¢55 million. However, he remains in detention because his legal team has not yet been able to meet the conditions.

Confirming the situation, Paul Yandoh of the New Patriotic Party (NPP) said the bail requirements are difficult to fulfill due to the large sum involved.

He explained that although the bail was set the previous night, neither he nor others have the financial capacity to secure Mr Jumah’s release.

According to him, efforts to arrange the bail have stalled, as lawyers have been unable to identify assets that meet the required value, leaving Mr Jumah still in custody.

Mr Yandoh also criticized the bail amount, arguing that it appears excessive compared to the allegations being investigated.

Mr Jumah was arrested after EOCO officials reportedly carried out a search at his residence in Kumasi as part of ongoing investigations into suspected breaches of public financial management rules during his time at GIHOC Distilleries.