A former Board Member of the Ghana Infrastructure Investment Fund (GIIF), Yaw Odame-Darkwa, has told the High Court in Accra that the controversial Sky Train project never received approval from the GIIF Board during his tenure.<\/p>\n
Mr Odame-Darkwa is the first prosecution witness in the $2million financial loss case involving former CEO of the Ghana Infrastructure Investment Fund, Solomon Asamoah and former Board Chair Prof. Christopher Ameyaw-Akumfi. The duo are accused of disbursing money for no work done and with no board approval.<\/p>\n
Yaw Odame-Darkwa testified that the project was only briefly introduced at one meeting but was never deliberated upon, recommended by the Investment Committee, or approved by the Board.<\/p>\n
In his witness statement on Monday November 10, the businessman and former board member, who served from 2017 to 2020, stated that he only became aware of the alleged US$2 million payment related to the Sky Train project after reading the Auditor-General\u2019s report.<\/p>\n
He emphasised that \u201ca due diligence report should have been presented to the Board before any approval for disbursement,\u201d but no such report was ever tabled.<\/p>\n
Odame-Darkwa further asserted that minutes purporting to show Board discussions or approvals of the Sky Train project \u201cdo not accurately reflect the Board\u2019s deliberations or decisions.\u201d<\/p>\n
He maintained that throughout his service, he acted \u201cin the best interest of the Republic of Ghana\u201d and would not have approved any disbursement without proper due diligence.<\/p>\n
According to him, while the GIIF Board approved funding for several legitimate infrastructure projects during his term, the Sky Train concept was never formally proposed or approved for funding.<\/p>\n
\u201cTo the best of my recollection, the Board did not approve any funding for the Sky Train project during the period of my service,\u201d his\u00a0statement\u00a0read.<\/p>\n","protected":false},"excerpt":{"rendered":"
A former Board Member of the Ghana Infrastructure Investment Fund (GIIF), Yaw Odame-Darkwa, has told the High Court in Accra that the controversial Sky Train project never received approval from the GIIF Board during his tenure. Mr Odame-Darkwa is the first prosecution witness in the $2million financial loss case involving former CEO of the Ghana […]<\/p>\n","protected":false},"author":123457,"featured_media":14354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[41],"tags":[4268,4489,4490],"class_list":["post-14353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-news","tag-giif","tag-odame-darkwa","tag-prof-christopher-ameyaw-akumfi"],"_links":{"self":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/14353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/users\/123457"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14353"}],"version-history":[{"count":1,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/14353\/revisions"}],"predecessor-version":[{"id":14355,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/14353\/revisions\/14355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=\/wp\/v2\/media\/14354"}],"wp:attachment":[{"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fishfmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}