Rock city

Here’s Why SSNIT Terminated Sale Of 4 Hotels To Rock City

Here’s Why SSNIT Terminated Sale Of 4 Hotels To Rock City

The Social Security and National Insurance Trust (SSNIT) had announced its decision to sell its 60 percent stake in four hotels to Rock City Hotel, which is owned by the Minister of Food and Agriculture, Bryan Acheampong. However, this move was fraught with several challenges as some Ghanaians, including Organized Labour and the Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, cited conflict of interest, procurement breaches, and lack of due process. After several agitations, Rock City withdrew from the bidding process, and SSNIT subsequently announced the termination of the sale of its 60 percent stake in the four…
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