Stop sale of 4 hotels to Bryan Acheampong now - Ex-DG of SSNIT

The Board of Directors of the Social Security and National Insurance Trust must immediately halt the sale of four SSNIT-owned hotels to Food and Agriculture Minister Bryan Acheampong, a former Director-General of the state pensions fund, Mr Ernest Thompson, has said.
In his view, the wrong process is being used for the transaction.
Aleady, North Tongu MP Samuel Okudzeto Ablakwa has petitioned the Commission on Human Rights and Administrative Justice (CHRAJ) to probe SSNIT's sale of its 60% stake in the four hotels to Dr. Acheampong, citing opacity, lack of due process and procurement breaches.
Mr Thompson, in a Joy News interview said the process being used for the transaction was flawed and must be stopped.
“I think that at this stage, it might be necessary for the SSNIT board to just stop this transaction,” he stated.
He explained: “Because the procedure they used is not the best. SSNIT is a pension fund, and it is a long-term investor. It is not a bank holding deposit."
"So, SSNIT’s investments are analysed in serious places. You just don’t treat SSNIT’s investments that way,” he added.
SSNIT's hotels include Labadi Beach, La Palm Royal Beach Resort, Elmina Beach Hotel, Ridge Royal Hotel, Busua Beach Resort, and the Trust Lodge Hotel.
Source: Classfmonline.com
Trending News
GAF deploys 400 additional troops to Bawku under Operation Maidabuuri II
14:27NPP to acclaim Akwatia by-election PC tomorrow
12:02Tension escalates in Manso Tontokrom over planned military deployment to disputed Asanko mining site
04:55'Cedi no apicki’ – Finance Minister declares amid strong currency gains
14:58EC sets September 2 for Akwatia by-election following MP’s death
14:18Dominion University to host groundbreaking media AI conference on July 31
13:15NPP to open nominations for 2028 flagbearer race on July 29
06:03Hard-earned progress, not mere luck – Ato Forson declares during Mid-Year Budget presentation
14:54Military assaults eyewitness at alleged McDan property demolition site
14:06Hepatitis poses major public health threat in Ghana – MPs call for action
11:02