Yes, ahem is in the scrabble dictionary

...and is worth 9 points by itself.

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Ahem Definition

interjection

Used to attract attention or to express doubt or warning.

from The American Heritage Dictionary of the English Language, 4th Edition

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Top Words by points	Points
haem	9

2 letter words with AHEM	Points
ah	5
am	4
ae	2
eh	5
em	4
ha	5
he	5
hm	7
me	4
ma	4

3 letter words with AHEM	Points
meh	8
mae	5
hem	8
ham	8
hae	6

4 letter words with AHEM	Points
haem	9
hame	9
ahem	9

Found 18 words in 0.11782 seconds