The Social Security and National Insurance Trust (SSNIT) has disclosed that it is currently in search of strategic investors to help turn around some of its underperforming hotels under the Golden Beach Hotels Group.
This was revealed by the Director-General of SSNIT, Kwesi Afreh Biney, when he appeared before the Public Accounts Committee (PAC) on Friday, November 7, 2025.
According to him, this forms part of efforts to revive the performance and profitability of certain hotels that continue to struggle financially.
He was, however, quick to add that the search for private investment does not include all SSNIT-owned hotels.
“We are seeking a strategic investor for La Palm Beach Hotel and Elmina Beach Resort. However, for SSNIT Guest House, Ridge Royale, and Labadi Beach Hotel, we do not intend to seek any strategic support. We believe these three hotels should be allowed to run on their own,” he stated.
Meanwhile, he has also informed PAC that the Labadi Beach Hotel remains one of SSNIT’s most profitable investments.
The hotel, he stated, is making a profit of about GHC80 million in 2024 and paying dividends of GHC16 million in 2023.
“Labadi Beach Hotel is doing well. They make a profit consistently and pay dividends. We have no plans to bring in a strategic partner for that entity,” he said.
By: Rainbowradioonline.com/Ghana
