The Social Security and National Insurance Trust (SSNIT) formally informed Organised Labour of its decision to stop the sale of its four hotels.
On Monday, July 15, after Organised Labour decided to go on a statewide strike, the sale was terminated.
SSNIT was in negotiations to sell Rock City Hotel, controlled by Agriculture Minister Bryan Acheampong, sixty percent of its shares in four hotels.
The organisation had threatened to carry out their planned strike until they received word from SSNIT about its decision.
Nonetheless, the Board and Management of Social Security and National Insurance Trust (SSNIT) wish to inform you that the process to divest 60% of SSNIT’s stake in the hotels has been terminated. The letter was dated Sunday, July 14, and signed by Elizabeth Akua Ohene, the chairperson of the board of trustees.
Pensioners were reassured of its dedication to properly manage the Trust’s business.
“We wish to assure pensioners, contributors and the public of our commitment to managing the affairs of the Trust prudently for the sustainability of the Pension Scheme.”
Read full statement:
