The Accra High Court has ordered the freezing of four bank accounts belonging to former Managing Director of GIHOC Distilleries Company Limited, Maxwell Kofi Jumah.
The High Court moves form part of an ongoing investigation by the Economic and Organised Crime Office (EOCO) into an alleged GH¢7 million financial loss by Maxwell Kofi Jumah.
Reports suggest EOCO investigators are examining suspected irregularities during his tenure, including the alleged unauthorised sale of GIHOC properties in Tema valued at more than $700,000, questionable vehicle acquisitions, and claims of an artificially inflated workforce.
In a post shared by TV3 stated, “The High Court has ordered the freezing of 4 bank accounts belonging to former GIHOC Distilleries Managing Director, Maxwell Kofi Jumah, as the Economic and Organised Crime Office (EOCO) investigates an alleged GHS 7 million financial loss”.
It will be recalled that Maxwell Kofi Jumah was 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.
Meanwhile, 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.
See the post below:
The High Court has ordered the freezing of 4 bank accounts belonging to former GIHOC Distilleries Managing Director, Maxwell Kofi Jumah, as the Economic and Organised Crime Office (EOCO) investigates an alleged GHS 7 million financial loss.#3NewsGH #TV3GH pic.twitter.com/X78rwrfU2r
— #TV3GH (@tv3_ghana) August 3, 2026
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