Controversy on SSNIT hotel sale 'unnecessary' — Nana Addo
Published:
1 month ago
Source:
Pulse Ghana
The President's remarks come in response to growing public concern and criticism over the transparency and implications of the transaction. The hotel in question, originally acquired and managed by SSNIT as part of its investment portfolio, was sold as part of a broader effort to streamline the organisation's assets and focus on its core mandate of providing social security services to Ghanaians. Despite the government's justification, the sale has sparked debates, with critics questioning whether the move was in the best interest of contributors to the trust and whether the process adhered to proper due diligence. Speaking at the 12th quadrennial delegates conference of the Trades Union Congress (TUC) on Tuesday, August 20, 2024, Nana Addo emphasised that the sale was conducted in accordance with all relevant regulations and procedures. Labadi Beach hotel
Pulse Ghana
He said SSNIT was working assiduously to ensure that they made profits while the trust expanded its frontiers.
"The improved performance of SSNIT which recently in all successes [led to] GH¢230m on its operations.