SSNIT hotels sale: A classic case of ‘lootocracy’ and ‘state capture’ – Sammy Gyamfi

National Communications Officer of the National Democratic Congress (NDC), Sammy Gyamfi, has strongly condemned the decision by the Social Security and National Insurance Trust (SSNIT) to give a 60% stake in four hotels to Bryan Acheampong, a minister in the New Patriotic Party (NPP) government.

Speaking on Good Morning Ghana on Metro TV, Sammy Gyamfi described the deal as a clear case of  “lootocracy” and “state capture” by the NPP, alleging that the transaction is an avenue created by the ruling party to loot and share state resources.

“It’s a clear case of state capture, where the ruling party is using its power to enrich itself and its cronies,” Sammy Gyamfi stated

Lootocracy is a term used to describe a government or political system where power is held by a small group of people who use their positions to plunder and loot the country’s resources for personal gain. It is a form of corrupt government where officials prioritize their own interests over the public good.

Sammy Gyamfi also criticized the approach of selling struggling businesses, calling it a “lazy mind” approach to tackling and saving businesses.

He accused Bryan Acheampong of shortchanging the country, saying that the deal is not in the best interest of Ghanaians.

“Selling off state assets to cronies is not a solution to saving struggling businesses,” Gyamfi added. “It’s a lazy approach that only benefits a few individuals at the expense of the state. Bryan Acheampong is shortchanging the country, and we will not allow it to happen.”

By: Vanessa Edotom Boateng | | Ghana


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