The Economic and Organised Crime Office (EOCO) has granted bail to former GIHOC Distilleries CEO, Maxwell Kofi Jumah, as investigations into alleged financial irregularities continue.
Mr Jumah, who was arrested on April 29, 2026, was granted bail set at GH¢55 million. However, he remains in custody as his legal team struggles to meet the conditions.
Paul Yandoh of the New Patriotic Party (NPP) confirmed that the bail terms are difficult to satisfy due to the amount involved.
He said efforts to secure the required sureties have stalled, with lawyers unable to identify assets that meet the threshold.
Mr Yandoh also questioned the basis for the bail sum, describing it as excessive in relation to the allegations under investigation.
Mr Jumah’s arrest followed a raid on his residence in Kumasi as part of EOCO’s probe into suspected breaches of public financial management rules during his tenure at GIHOC Distilleries Company Limited.
Investigations are ongoing.
