Indexing government scandals one at a time
The Social Security and National Insurance Trust (SSNIT) is on the verge of divesting 60% each of its shares in four prominent hospitality assets: Labadi Beach Hotel, La Palm Royal Beach Resort, Ridge Royal Hotel, and Elmina Beach Resort. These shares are set to be sold to Rock City Group, a company owned by Bryan Acheampong, a Member of Parliament and an Agriculture Minister.
With keen interest from several stakeholders, Organised Labour, an association of public sector workers, has called on the Social Security and National Insurance Trust (SSNIT) to cancel the proposed sale of its stake in six hotels. They have threatened to embark on industrial action if SSNIT proceeds with the sale, particularly to the Minister of Food and Agriculture, Bryan Acheampong.
Anti-Corruption Advocate Vitus Azeem says that the Social Security and National Insurance Trust (SSNIT) selling 60% of its stake in hotels to MP and Agriculture Minister Bryan Acheampong’s Rock City Hotel constitute a conflict of interest.
According to him, Mr Acheampong is a minister of State and could have used his position to influence his SSNIT board to give him an advantage and possibly lead to him winning the bid.
May 17, 2024
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