Monday, 17 June

Stop sale of SSNIT's shares in 4 hotels to Bryan Acheampong immediately - Organised Labour

General News
Yaw Baah and executives of organise labour

Organised Labour has expressed serious concerns regarding the ongoing sale of the Social Security and National Insurance Trust (SSNIT) shares in four prominent hotels to Rock City Hotel, a company owned by Bryan Acheampong, the Minister of Agriculture. 

The hotels in question are Labadi Beach Hotel, LA Palm Royal Beach Resort, Ridge Royal Hotel, and Elmina Beach Resort.

Organised Labour has called for an immediate suspension of the divestiture process, warning that failure to halt the transaction could result in a nationwide strike by workers. 

This opposition is rooted in fears that the sale might not be in the best interest of SSNIT contributors and could potentially jeopardize their future benefits.

Adding to the controversy, North Tongu MP Okudzeto Ablakwa has taken formal steps to address the issue by filing a petition with the Commission on Human Rights and Administrative Justice (CHRAJ). 

Speaking at a press conference in Accra on Monday, the Secretary-General of the Trades Union Congress, Dr Yaw Baah, said “The process is going on and in fact they are even speeding it up and we don’t think that is right.

“We do not think that the regulation that guides the sale of state assets was followed. We do not think that the necessary due diligence was done. we cannot imagine that state properties will be sold to a minister of state.”

“For us, it is state capture and that should be stopped and stopped immediately. And if the Minister for Pensions who is also the Minister for Employment and Labour Relations fails to stop SSNIT, we workers of Ghana, we own the funds, we will stop that process,” he added.