The former Chief Executive of GIHOC Distilleries Company Limited, Maxwell Kofi Jumah, has been granted bail by the Economic and Organised Crime Office (EOCO).
According to Paul Yandoh of the New Patriotic Party (NPP), Maxwell Kofi Jumah was granted a GH¢55 million bail.
Paul Yandoh disclosed that the bail terms set by EOCO are proving difficult to satisfy.
The NPP’s Ashanti Regional Communications Director stated, “As of last night, he was given a bail bond of 55 million Ghana cedis before he can be released from custody. I don’t have such an amount to come and bail him”.
“The lawyers cannot find assets that can amount to that amount… so he is still in custody,” he added.
“How can somebody go and sell scraps… and you are calling for over 550 million? Why?” he asked.
Reports suggest Kofi Jumah was arrested by EOCO after a raid on his private residence in Kumasi last week.
According to sources close to EOCO, Maxwell Kofi Jumah was picked up on Tuesday, 28th April, and is currently in custody.
The information gathered suggests the arrest is part of a wider investigation into suspected breaches of public financial management protocols.
EOCO investigators are seeking to establish how some official resources were administered under his leadership at GIHOC.
In related news, Maxwell Kofi Jumah in 2025 was granted bail in the sum of GHS500,000 with two sureties.
He was earlier arrested in connection with the alleged theft of company vehicles.
On Monday, June 30, the Criminal Investigations Department (CID) granted him bail.
Deputy Commissioner of Police (DCOP) Lydia Yaako Donkor confirmed the arrest during a press briefing.
She stated, “We received the petition to the effect that some vehicles, which were the property of that company, have been stolen by the said Maxwell Kofi Jumah. He is in our custody at the CID headquarters, and he is assisting in an investigation.
“I must say that as of this afternoon, we have retrieved three vehicles; the said vehicles that were stolen by him have been retrieved, so he is really assisting us in the investigation, and we will take it up from there,” she said.
In the meantime, Maxwell Kofi Jumah has said he is not corrupt and will never be corrupt.
According to Kofi Jumah, his only weakness is womanising.
Maxwell Kofi Jumah also touched on his retirement plan, adding that he desires to retire on a beach with a young girl.
The former GIHOC boss detailed that he desires warmth from the beach and a baddie who will rub his head.
Speaking on Accra-based Asaasepa FM, Maxwell Kofi Jumah stated, “Where I have got to in life, I should be residing at a beach with a young girl taking a cocktail while a young girl gives me the warmth I need. I am past active politics, where we have to be shouting and arguing about politics.”
“I’m not corrupt and I will never be corrupt, but my weak point is womanising. I love women, but you can never attach corruption and bribery to me because it is not in my nature”.
“I will continue to stand for the truth even when I’m standing between death and life. No worker of GIHOC can say I took money from him or her before employing him or her to GIHOC,” Kofi Jumah stated.