Controversy over SSNIT Hotel deal with Rock City unnecessary - Akufo-Addo

President Akufo-Addo has described the controversy surrounding the decision to cede some of the Social Security and National Insurance Trust (SSNIT) hotels to Rock City Hotels, owned by his Minister for Agriculture, Bryan Acheampong, as needless.
The issue gained significant attention after North Tongu Member of Parliament, Samuel Okudzeto Ablakwa, and organised labour staged a protest, leading to a nationwide industrial action. They viewed the decision as a distress sale, especially considering that one of the hotels was profitable and was being transferred to a government appointee.
In response to the protests, organised labour announced plans to reform its representatives on the SSNIT board.
However, speaking at the 12th Quadrennial Delegates Congress of the Trades Union Congress, President Akufo-Addo emphasised that the controversy was unnecessary.
Contrary to claims that SSNIT is being mismanaged, the president highlighted the GH₵230 million profit made by SSNIT, which he argued demonstrates the agency's strong financial performance.
He suggested that this success should alleviate concerns over the trust's decision to sell off some of its non-performing assets.
Following the protests by organised labour, SSNIT was compelled to abandon its plan to sell a major stake in four of its hotels.
Nonetheless, President Akufo-Addo urged the nation to be cautious in making comments that could harm SSNIT's long-term interests.
He also called on organised labour to engage more with the government to address their concerns, rather than resorting to strikes.
Source: Classfmonline.com
Trending News
Indian Prime Minister calls for stronger India-Ghana partnership to drive African growth
11:31Experts urge government to prioritise teacher training in digital education
18:41Ashanti Region hosts second “Momentum Walk” with strong message against drug abuse
09:04YEA partners Ghana AIDS Commission to launch youth-focused HIV prevention campaign
11:14Health Minister allays fears over COVID-19 outbreak at University of Ghana
15:15Former GIHOC MD arrested by National Security over alleged financial misconduct
10:45GITW 2025: Experts call for smarter approach to infrastructure development
10:53EC considers rerun of Ablekuma North Parliamentary election
15:06Ghana shouldn’t sleep’ – Henry Osei Akoto as he welcomes 24-Hour Economy
09:582024 Presidential election: Bawumia’s defeat widest in Ghana’s political history – Razak Kojo Opoku
14:48