SSNIT urged to release documents pertaining sale of its shares in four hotels.


The Majority Leader in Parliament, Alexander Afenyo-Markin, has urged the Social Security and National Insurance Trust (SSNIT) to release documents pertaining to the sale of its shares in four hotels to Dr. Bryan Acheampong, the Minister for Food and Agriculture.


SSNIT is nearing the completion of a transaction to sell 60% of its shares in the Elmina Beach Resort, Ridge Royal Hotel, La Palm Royal Beach Resort, and Labadi Beach Hotel to Rock City Hotel, owned by Dr. Acheampong.

Concerns about a potential conflict of interest have been raised by stakeholders, with North Tongu MP Samuel Okudzeto Ablakwa petitioning the Commission on Human Rights and Administrative Justice (CHRAJ) to investigate the deal.


Afenyo-Markin has called on SSNIT to provide a detailed explanation of the transaction to the public. “SSNIT must come out, make the documents available, and speak to it. They cannot be dodgy. This is not a political matter. I cannot speak to it politically, condemn it, or commend it.


“SSNIT must come out, and not only on this decision but also look at all their investments that are failing and explain them to the public.

“I am sure that the TUC and other labor unions will understand if these things are explained. They will take away Bryan Acheampong as a person and focus on the substance of the matter rather than the form.”

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