Former GIHOC Distilleries Managing Director, Maxwell Kofi Jumah
Former GIHOC Distilleries Managing Director, Maxwell Kofi Jumah prior to national security storming his house over an alleged state vehicle in his possession, stated that he is ready to hand over the said car being sought after by the national security.
According to him, the vehicle was safely parked at his residence, and he is willing to offer it to them. However, he has warned that he will also demand certain properties that belong to him in exchange for properties he argues are worth more than the said vehicle.
“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,” he posted on May 11, 2025.
National security operatives conducted an early-morning operation at the residence of Maxwell Kofi Jumah, in an attempt to recover state-owned vehicles reportedly in his possession.
According to a news report 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 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
