Solomon Asamoah, the former Chief Executive Officer of Ghana Infrastructure Investment Fund (GIIF), has denied allegations made by Attorney-General, Dr. Dominic Ayine that he fled to Senegal to avoid investigations into the controversial $2 million payment for the Accra Sky Train project.
Speaking at a press conference on March 24, 2025, Dr. Ayine had alleged that Asamoah had left Ghana on February 2, traveling to South Africa before relocating to Senegal.
He further claimed that when contacted, Asamoah stated he would not return for another three months and warned that he could be tried in absentia if he failed to show up.
“The CEO is hiding in Senegal. We tracked him first to South Africa, and now he is in Senegal. If he does not return, he will be tried in absentia,” Dr. Ayine stated.
The Attorney General said the $2 million payment, was made at the request of Prof. Christopher Ameyaw Akumfi, the chairman of GIIF’s board, and Asamoah himself.
However, in a statement issued later that day, Asamoah strongly denied the Attorney-General’s accusations, calling them false and misleading.
“I categorically deny the false and incorrect allegations that I have gone into hiding in Senegal. This claim is entirely inaccurate and untrue,” he asserted.
Solomon Asamoah explained that he left Ghana on March 21, 2025, for scheduled board meetings, which had been planned well in advance.
“I travelled out of Ghana on Friday, 21st March 2025, to attend scheduled board meetings as part of a corporate responsibility that was planned well in advance,” he stated.
He added that prior to his departure, no government official had contacted him regarding any investigation.
“Prior to my departure, I have been present in Ghana for long periods in both February and March. During this period, I was never contacted by any government official in relation to an invitation to assist in any investigation,” he explained.
However, Solomon Asamoah confirmed that on March 22, a day after leaving Ghana, he was contacted via WhatsApp by an official from the National Intelligence Bureau (NIB) and had agreed to an online meeting on March 26 to address any concerns.
“On Saturday, 22nd March 2025, a day after departure from Accra, I was indeed contacted via WhatsApp by an official of the National Intelligence Bureau who requested an online meeting with me which we agreed to hold on Wednesday, 26th March at 4 pm,” he stated.
Solomon Asamoah defended his tenure as CEO of GIIF, highlighting that under his leadership, the fund grew from GHS 1.2 billion to GHS 5.2 billion by the end of 2023, making it one of Africa’s top-performing infrastructure funds.
“Throughout my long international career in premier global institutions, I have worked with integrity, transparency, and accountability. This includes the 7 years I ran GIIF where the institution was profitable every year and made cumulative net profits of over GHS 2.5 billion which is more than double the original capital (GHS 1.2 billion) given to GIIF by the Government of Ghana,” he stated.
He emphasized that he has nothing to hide and has no reason to evade justice, assuring that he will return to Ghana soon to fully cooperate with the Attorney-General’s investigations.
“I have not committed any wrongdoing and I absolutely have no reason to run away from justice. I will return home shortly to offer all the assistance and information necessary to support the AG’s investigations which will ultimately vindicate my reputation and integrity,” he stated.
-BY Daniel Bampoe
