Release documents on hotel sale – Afenyo-Markin  to SSNIT

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

Afenyo-Markin made the appeal on the floor of Parliament, urging SSNIT to provide a detailed explanation of the transaction to the public.

He emphasized that the matter is not political and requires a transparent and factual explanation.

The Social Security and National Insurance Trust (SSNIT) is nearing the completion of a controversial deal to offload 60% of its shares in four hotels – Elmina Beach Resort, Ridge Royal Hotel, La Palm Royal Beach Resort, and Labadi Beach Hotel – to Rock City Hotel, a company owned by the Agriculture Minister, Dr. Bryan Acheampong.

The transaction has sparked concerns among stakeholders, who are questioning a potential conflict of interest.

The concerns have prompted the Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, to petition the Commission on Human Rights and Administrative Justice (CHRAJ) to investigate the deal. Ablakwa’s petition seeks to uncover any potential wrongdoing and ensure that the transaction is transparent and in the best interest of the state.

Afenyo-Markin stressed that SSNIT must provide clarity on the deal to avoid misconceptions and urged the Trust to explain all its investments that are failing to the public.

He believes that a detailed explanation will help labour unions and the public understand the substance of the matter beyond personalities.

““I am sure that TUC and other labour unions will understand if these things are explained and they will take away Bryan Acheampong as a person and understand that, let’s not look at the form but at the substance,” Afenyo-Markin said.

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