The Economic and Organised Crime Office has granted bail to former Chief Executive of GIHOC Distilleries Company Limited, Maxwell Kofi Jumah, as investigations into alleged financial irregularities during his tenure continue to unfold.
Mr Jumah, who was picked up on Wednesday, April 29, 2026, remains in custody despite the bail decision, as efforts to meet the GH¢55 million bond conditions have so far been unsuccessful. Sources close to the process indicate that his legal team is struggling to assemble the required assets to secure his release.
A member of the New Patriotic Party, Paul Yandoh, confirmed that the terms attached to the bail are proving difficult to satisfy due to their scale. According to him, attempts to raise the necessary guarantees have stalled, leaving the former GIHOC boss behind bars for now.
The arrest followed a search at Mr Jumah’s residence in Kumasi, carried out as part of EOCO’s ongoing probe into suspected breaches of public financial management regulations. Investigators are reportedly examining transactions and decisions made during his leadership at the state-owned distillery.
While details of the alleged infractions have not been fully disclosed, the size of the bail has triggered debate among political observers and party affiliates, with some questioning whether the amount reflects the gravity of the case or is excessively high.
EOCO has yet to provide further public details on the scope of the investigation, but officials insist the process is ongoing and that all actions taken are in line with established legal procedures.
Meanwhile, Mr 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.
