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

Faulty streetlight blamed for fatal accident on Kasoa Highway
16:03
Minority flags election petitions, youth unemployment and third-term agenda as democratic threats
01:07
Togbui Adu Bobi IV urges CMG CEO to invest in Ho FM's annual health walk as hundreds join 6th edition
02:15
NDC extends Christmas and New Year greetings, reaffirms commitment to governance mandate
14:51
PAOG opens dedicated communication lines for Hajj 2026 enquiries
00:55
Dr Opoku accuses Fourth Estate and Sulemana Briamah of misrepresentation in KGL-NLA deal
05:47
Public outcry grows over silence on October 2024 fatal East Legon accident case
13:54
Don't bring back Dr Bawumia - Political Scientist warns NPP delegates
00:28
V/R: Bee attack on Anloga EP Basic School leaves 2 dead
03:14
DVLA suspends rollout of RFID licence plates over legislative delays
12:18



