The University Teachers Association of Ghana (UTAG) says the decision by the Board and Management of the Social Security and National Insurance Trust (SSNIT) to terminate the decision to sell a 60% stake in its four hotels to Rock City Hotel is not enough.
They have therefore asked the entire board chaired by Madam Elizabeth Ohene and the management, under the leadership of Mr. Kofi Osafo-Maafo, to step down.
UTAG believes it would be best if a new leadership took over following the fallout from the decision by SSNIT to sell its stakes to Rock City Hotel, owned by Bryan Acheampong, the Minister of Agriculture.
In a statement issued on Saturday, July 13, 2024, signed by the UTAG President Prof Mamudu Akudugu and General Secretary Prof Eliasu Mumuni, UTAG said, “Those in positions of power within SSNIT must step down to allow new people with a better appreciation of the enormity of the responsibility of managing pension funds to take over and restore public trust and ensure that such actions are not repeated in the future.”
It noted that the SSNIT Board and top management have exhibited egregious judgment and a profound lack of corporate governance expertise, thereby rendering their continued tenure untenable.
“Their initial decision to proceed with this transaction, despite widespread public outcry, indicates a disregard for the sentiments and welfare of the broader populace. This action has undermined confidence in the board and management’s capacity to manage our pension funds and assets prudently and transparently.”
“In light of the declaration of a nationwide strike by Organized Labour on 12th July 2024, the University Teachers Association of Ghana (UTAG) unequivocally supports the action.
Consequently, UTAG has begun the necessary steps to activate a nationwide strike as per the declaration by Organized Labour, strictly following the UTAG Constitutional provisions. This decision is not taken lightly but reflects our deep-seated concern over the current handling of SSNIT investment interests and its assets.”
Below is the full statement
By: Rainbowradioonline.com/Ghana
