The former Managing Director of GIHOC Distilleries Company Limited, Maxwell Kofi Jumah, has finally been released by the Economic and Organised Crime Office (EOCO) after meeting his GH¢30 million bail conditions.
Mr Jumah was arrested on Wednesday, April 29, 2026, over alleged financial irregularities.
Speaking to Citi News on Monday, May 18, counsel for the former GIHOC boss, Nanabanyin Ackon, said his client has been directed to report to EOCO monthly to assist with 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.
“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 said.
Mr Jumah was reportedly rushed to the Intensive Care Unit (ICU) of the Korle Bu Teaching Hospital after his arrest.
His arrest followed a raid on his residence in Kumasi as part of EOCO’s ongoing investigations into alleged breaches of public financial management regulations during his tenure at GIHOC Distilleries Company Limited.
Authorities have not publicly disclosed the specific allegations, and EOCO has yet to provide a further update on the case.
