Former Chief Executive Officer of the Ghana Infrastructure Investment Fund (GIIF), Solomon Asamoah, has strongly denied allegations that he is evading an investigation into an unapproved $2 million payment linked to the failed Accra Skytrain project.

At a March 24 press briefing, Attorney General and Minister of Justice, Dr. Dominic Ayine, claimed that Asamoah had fled to Senegal to avoid scrutiny over funds allegedly transferred to a non-existent company in Mauritius. He further alleged that authorities had tracked Asamoah’s movements from South Africa to Senegal and that he planned to stay away for three months.

Asamoah Responds: "I Am Not Hiding"
In a statement, Mr. Asamoah dismissed these claims as false and baseless, insisting that his travel had nothing to do with the allegations.

“I categorically reject the allegations that I have gone into hiding. This claim is entirely inaccurate and untrue,” he said.

He explained that he left Ghana on March 21 for pre-scheduled board meetings unrelated to the investigation. He also pointed out that he had spent February and March in Ghana without any official contact from government authorities.

“At no point was I contacted by any government official regarding the need for my involvement in any investigations,” he added.

Scheduled Meeting with Authorities
Asamoah confirmed that on March 22, an official from the National Intelligence Bureau (NIB) reached out via WhatsApp to schedule a virtual meeting. He agreed to meet on March 26 to clarify any misunderstandings about GIIF investments.

GIIF’s Financial Performance Under His Leadership
Defending his tenure, Asamoah highlighted GIIF’s financial success, stating that the fund achieved GHS 2.5 billion in net profits over seven years, growing from GHS 1.2 billion to GHS 5.2 billion by the end of 2023.

“This success allowed the fund to more than double the government’s initial investment,” he stated.

Pledging Full Cooperation
Asamoah insisted that he has no reason to evade justice and confirmed that he would return to Ghana soon.

“I will return to Ghana shortly and fully cooperate with the Attorney General’s investigation, confident that my involvement will clear up any misconceptions and protect my reputation,” he assured.

Meanwhile, Dr. Ayine has indicated that legal proceedings could move forward regardless of Asamoah’s location, with the possibility of a trial in absentia if necessary.