Citi News has gathered that operatives from the national security apparatus stormed the residence of former GIHOC Distilleries Managing Director, Maxwell Kofi Jumah, at around 5:00 a.m. on Thursday, May 15, 2025, in an attempt to recover state vehicles reportedly in his possession.
Mr. Jumah, a former appointee under ex-President Nana Addo Dankwa Akufo-Addo, was not present at the time of the operation.
Sources indicate that Mr. Jumah is currently under investigation for alleged financial impropriety during his tenure, including the questionable acquisition of state vehicles and mismanagement of company assets.
A letter dated August 1, 2019, from the Board of Directors of GIHOC approved Mr. 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.
The vehicle, originally valued at over $100,000, was sold to him at just 5% of its value—GHS 4,943.11—as confirmed in a letter signed by the company’s Secretary and Head of Administration, Apea Twumasi-Ankrah.
The 2018 model vehicle, with a 3,300cc engine and chassis number KMHG34JXJU039991, had a mileage of 38,971 km and a seating capacity of five. A technical inspection assessed key components such as the engine, transmission, suspension, brakes, steering, and electrical systems to be in “good” condition, with no history of prior maintenance.
An independent valuation conducted by the State Transport Corporation placed the car’s value at GHS 98,862.00. The appraisal was completed by Daniel K. Orhin, with certification number 0014073.
Mr. Jumah is also being investigated for allegedly retaining two additional official vehicles—including an Audi valued at over $60,000—without formal approval from the Board.
Reports suggest that he later directed security personnel to return the vehicles, noting that one had been in the possession of his son. As of now, one of the vehicles has been successfully retrieved and transported back to Accra.
Further allegations include claims that Mr. Jumah inflated the staff numbers at GIHOC, placing financial pressure on the company. He is also accused of selling company properties in Tema valued at over $700,000 without proper authorization.
Investigations are ongoing.
