The Economic and Organised Crime Office has granted bail to Maxwell Kofi Jumah, former Chief Executive of GIHOC Distilleries and a member of the New Patriotic Party, but he remains in custody as his legal team struggles to meet the GH¢55 million bond.
Jumah was picked up on Wednesday, April 29, 2026, following a search of his residence in Kumasi. EOCO is probing alleged financial irregularities during his tenure at the state-owned distillery.
Bail terms stall release:
Sources close to the process say efforts to assemble the assets required to secure his release have so far been unsuccessful.
NPP member Paul Yandoh confirmed the terms are proving difficult to satisfy. “The scale of the bail is making it hard to raise the necessary guarantees,” he said.
Investigators are examining transactions and decisions made under Jumah’s leadership for suspected breaches of public financial management regulations.
EOCO has not fully disclosed the alleged infractions.
The GH¢55 million bail has triggered debate among political observers and NPP affiliates. Some question whether the amount reflects the gravity of the case or is excessive.
EOCO insists the process is ongoing and all actions taken are in line with established legal procedures.
Officials have yet to provide further public details on the scope of the investigation.
Jumah’s legal representatives are expected to continue efforts to meet the bail conditions in the coming days, even as scrutiny around his tenure at GIHOC intensifies.
