Former CEO of the Ghana Infrastructure Investment Fund (GIIF), Solomon Asamoah, has strongly denied allegations by Attorney General Dr. Dominic Ayine that he is evading authorities.
In a statement issued on March 25, 2025, Asamoah refuted claims that he had gone into hiding in Senegal to avoid an ongoing investigation into his tenure at GIIF.
According to Asamoah, the allegations made during a press briefing by Dr. Ayine on March 24 are completely 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.”
Solomon Asamoah
He emphasized that his travel itinerary had been planned well in advance and was unrelated to any government inquiry.
The former GIIF boss clarified that he left Ghana on March 21, 2025, for scheduled corporate board meetings, a responsibility he described as part of his long-standing professional obligations.
He added that he had been present in Ghana for extended periods in both February and March 2025, and “I was never contacted by any government official in relation to an invitation to assist in any investigation.”
Asamoah further revealed that he was first contacted by an official from the National Intelligence Bureau (NIB) on March 22, just a day after leaving Ghana.
The communication, initiated via WhatsApp, sought to engage him in a discussion regarding an undisclosed matter.
Without hesitation, he agreed to a virtual meeting scheduled for March 26 at 4:00 PM, signaling his readiness to cooperate fully with the authorities.
His swift response and willingness to engage underscored his commitment to transparency and addressing any concerns raised by the intelligence agency.
“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.”
Solomon Asamoah
GIIF’s Growth and Performance
Furthermore, Solomon Asamoah provided insights into how the Ghana Infrastructure Investment Fund (GIIF) strategically reinvested its resources, resulting in significant financial growth.
He highlighted that through careful management and reinvestment, the fund expanded from GHS 1.2 billion to GHS 5.2 billion by the end of 2023.
This impressive growth not only strengthened GIIF’s financial standing but also positioned it among the top-performing infrastructure funds on the African continent.
Asamoah emphasized that the reinvestment strategy played a crucial role in enhancing the fund’s capacity to finance critical infrastructure projects and drive long-term economic development.
He reaffirmed his commitment to accountability, stating that he has done nothing wrong and sees no reason to evade justice.
“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.”
Solomon Asamoah
He wrapped up his statement by expressing strong confidence that a fair and transparent investigative process would ultimately clear his name.
He remained optimistic that once all the facts were thoroughly examined, he would be vindicated, and his reputation, which had been called into question, would be fully restored.
He reaffirmed his commitment to cooperating with authorities to ensure that justice was served and the truth was brought to light.
This case underscores the critical balance between the rule of law, justice, and accountability in a democratic society.
While public officials have a duty to ensure transparency and prevent corruption, due process must be upheld to protect individuals from undue prejudice.
True accountability is achieved not through trial by media but through fair investigations and legal proceedings that respect both the rights of the accused and the public’s right to know.
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