SSNIT Denies Wrongdoing in Hotel Sale, Amidst Allegations of Conflict of Interest and Corruption


The Social Security and National Insurance Trust (SSNIT) has responded to allegations of foul play in its decision to sell a 60% stake in its hotels to Rock City Hotel, owned by Food and Agriculture Minister, Dr. Bryan Acheampong. Apexnewsgh reports

In a press release, SSNIT clarified that the process of finding a strategic investor for its hotels is still ongoing and nearing completion.

This response comes after North Tongu MP, Samuel Okudzeto Ablakwa, petitioned the Commission on Human Rights and Administrative Justice (CHRAJ) to investigate allegations surrounding the sale of six hotels, including Labadi Beach Hotel, La Palm Royal Beach Resort, and Elmina Beach Resort.

Ablakwa alleges conflict of interest, abuse of power, lack of due process, procurement breaches, cronyism, and graft, as well as violations of constitutional provisions, specifically Articles 78(3) and 98(2) of the 1992 Constitution.

SSNIT maintains that its strategy to partner with an investor to raise capital and enhance hotel management started in 2018 through International Competitive Tendering (ICT) processes, in accordance with the Public Procurement Act.

The trust has declined to comment further on the matter until the CHRAJ investigation is complete, but assures full cooperation throughout the process.


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Ngamegbulam C. S

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