Hotels

NPRA Has Given SSNIT Approval To Sell 60% Stake In Hotels – Minister

NPRA Has Given SSNIT Approval To Sell 60% Stake In Hotels – Minister

The Minister of Employment and Labour Relations, Ignatius Baffour Awuah, has announced that the National Pensions Regulatory Authority (NPRA) has approved the sale of 60% of SSNIT’s shares in its hotel investment portfolio. The NPRA on June 28, directed SSNIT to suspend its negotiations with Rock City over the sale of four hotels, pending further evaluation and engagement. Answering questions on the floor of Parliament, the sector minister confirmed that all due processes have been complied with. “Yes, it is true that NPRA came up with a directive, but I would appreciate it if my brother, my colleague, really read…
Read More