Former Managing Director of GIHOC Distilleries, Maxwell Kofi Jumah, has secured a bail of GHS500,000 with two sureties.

He was arrested in connection with the alleged theft of vehicles belonging to the state company.

On Monday, 30 June, Mr Jumah secured the bail after appearing at the CID headquarters, where he was being held for questioning.

Per reports, he was picked up at his residence in Kumasi on Sunday, June 29.

Maxwell Kofi Jumah was said to be in the custody of the Ashanti Regional Police Command.

It is reported that security personnel in May attempted to retrieve state vehicles in his possession. The personnel were unable to, as Mr Jumah was not home.

In reaction to the event, Mr Jumah in a Facebook post wrote: “I hear the Mahama people want to come for the GIHOC car in my possession. Can someone tell them that the car is parked safely?"

"They can come for it. They should also prepare to hand over my properties to me. It is more than the car. A whole lot more. Interesting times ahead."

Sources say Mr Jumah is being investigated for unauthorised sale of assets and vehicle acquisition during his tenure. According to reports, he sold company properties in Tema valued at over $700,000 without authorization.

Maxwell Kofi Jumah was appointed to head GIHOC in 2017 by former President Nana Akufo-Addo.

In December 2024, the immediate past government directed all of its appointees to return state vehicles by January 3, 2025.

The Ghana Police Service led by Deputy Commissioner of Police (DCOP) Lydia Yaako Donkor has confirmed that police have so far recovered three of the vehicles linked to the case.

“As of this afternoon, we have retrieved three of the vehicles in question,” she added.

“He is cooperating with the investigation, and we will proceed based on the evidence gathered.”

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