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SSNIT Hotel Sales: We’ll stop sale of shares to Bryan Acheampong – Organised Labour

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The Organised Labour has raised alarm over the current sale of shares by the Social Security and National Insurance Trust (SSNIT) in six of its hotels to Rock City Hotel, which is under the ownership of the Minister of Agriculture, Dr Bryan Acheampong.

In light of these events, the collective has called for a halt to the sale, cautioning that it could lead to a countrywide strike by the workforce.

The transaction, which involves SSNIT offloading 60% of its stakes in properties such as Labadi Beach Hotel, LA Palm Royal Beach Resort, Ride Royal Hotel, and Elmina Beach Resort to Rock City Hotel, is on the verge of completion.

The move has sparked widespread disapproval, prompting North Tongu MP Samuel Okudzeto Ablakwa to submit a formal complaint to the Commission on Human Rights and Administrative Justice (CHRAJ).

“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.”

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