File photo of former GIHOC Distilleries Managing Director, Maxwell Kofi Jumah
National security operatives conducted an early morning operation at the residence of former GIHOC Distilleries Managing Director, Maxwell Kofi Jumah, in an attempt to recover state-owned vehicles reportedly in his possession.
According to a news report filed by citinewsroom.com, the raid occurred at approximately 5:00 am on Thursday, May 15, 2025.
However, the report detailed that, Jumah, a former appointee under former President Nana Addo Dankwa Akufo-Addo, was not present at the time.
According to further details, the former GIHOC MD is under investigation for an alleged financial impropriety during his tenure including questionable acquisition of state vehicles and mismanagement of company assets.
A letter dated August 1, 2019 from the Board of Directors of GIHOC approved Jumah’s purchase of a Genesis G90 saloon car (registration number GE 86 22-19) in accordance with his Conditions of Service as Managing Director.
Initially valued at over $100,000, the vehicle was sold to him at a significantly reduced price of GH¢ 4,943.11, just 5% of its worth, according to documents signed by the company’s Secretary and Head of Administration, Apea Twumasi-Ankrah.
Further investigations revealed that an independent valuation by the State Transport Corporation had placed the car’s value at GH¢98,862.00.
The appraisal, conducted by valuation expert Daniel K Orhin, confirmed the vehicle’s market worth.
Additionally, Jumah is being scrutinized for allegedly retaining two other official vehicles including an Audi valued at over $60,000 without formal approval from the Board.
Reports indicate that he later instructed security personnel to return the vehicles, one of which had been in his son’s possession.
So far, one of the cars has been successfully retrieved and transported back to Accra.
Beyond vehicle-related allegations, concerns have also surfaced regarding financial irregularities at GIHOC under his leadership.
Jumah is accused of inflating staff numbers, placing undue financial strain on the company.
Reports suggest he authorised the sale of company properties in Tema, valued at over $700,000 without the necessary board approvals.
AM/KA
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