The former Managing Director of GIHOC Distilleries Company Limited, Maxwell Kofi Jumah, has been released by the Economic and Organised Crime Office (EOCO) after fulfilling his GH¢30 million bail conditions.
Mr Jumah was arrested on Wednesday, April 29, 2026, over alleged financial irregularities during his tenure at the state-owned company.
Speaking to Citi News on Monday, May 18, his counsel, Nanabanyin Ackon, confirmed that his client has been directed to report to EOCO once every month to assist with ongoing investigations as part of the bail terms.
“The next day, when EOCO imposed those conditions on him, we went to court, and the court reviewed the bail application. The GH¢55 million bail condition was reduced to GH¢30 million. He was able to get sureties, and he fulfilled the bail conditions. He left the hospital and went home,” the lawyer stated.
“As we speak, he’s home. As part of the bail conditions, he was to report once a month. We’re available to cooperate with investigations; any information they want, we will give it to them,” he added.
Mr Jumah was reportedly rushed to the Intensive Care Unit (ICU) of the Korle Bu Teaching Hospital shortly after his arrest.
His arrest followed a raid on his residence in Kumasi as part of EOCO’s investigations into alleged breaches of public financial management regulations during his time at GIHOC Distilleries.
Authorities are yet to publicly disclose the specific details of the allegations against him, and EOCO has not issued any further update on the case.
Editor:
Obiri-Yeboah
