Tuesday, August 25, 2026
Rainbow Radio
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
No Result
View All Result
Rainbow Radio Online
Home General News

Termination of process to sell SSNIT hotels is good news, but all appointments of management and board must also be terminated – Ablakwa 

July 13, 2024
ablakwa-b

Member of Parliament for North Tongu Constituency Samuel Okudzeto Ablakwa, the man who blew the whistle on the decision by the Social Security and National Insurance Trust to sell 60% shares in its hotels, has welcomed the news of the termination of the process.

He described the decision by SSNIT to terminate the transaction as a welcome one for Ghanaians, especially those who opposed the sale of the hotels to Rock City Hotel, owned by Bryan Acheampong, the Minister of Agriculture.

RelatedPosts

Seven nabbed in major Police crackdown on narcotics across Ashanti Region

President Mahama donates bus to Prisons Service

Illegal mining pits claim 23 lives in Ashanti Region

The Board and Management of Social Security and National Insurance Trust (SSNIT) have terminated the process to divest 60% of their stake in four hotels.

The decision was taken after Rock City, the company that won the bid, withdrew its bid.

Organised Labour also declared to embark on a nationwide industrial strike on Monday, July 15, if the deal had gone through.

They directed their members to stay away from work if SSNIT fails to cancel the controversial hotel sale.

In a statement dated July 12, the Board of SSNIT assured pensioners, contributors and the public of its commitment to managing the affairs of the Trust prudently for the sustainability of the Pension Scheme.

“The Board and Management of Social Security and National Insurance Trust (SSNIT) wish to inform the public that the process to divest 60% of SSNIT’s stake in the hotels has been terminated.

“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.”

Reacting to the news, Mr. Ablakwa described it as a victory Ghanaians.

He however demanded the termination of the appointments of the management and board members.

Below is the reaction from the MP

An awesome victory for all Ghanaians, and particularly for the might of Organised Labour.

Clearly, nothing is impossible when we put Ghana first and work together.

Having terminated the sale of our hotels after much belligerence and intransigence; they should all have their SSNIT appointments terminated.

Never ever take the Ghanaian people for granted.

The battle against State Capture continues, and we shall be victorious again!

I am eternally grateful to all Ghanaians for the tremendous and overwhelming solidarity.

For God and Country.

Ghana First ????????

#HandsOffOurHotels
#StopStateCapture

By: Rainbowradioonline.com/Ghana

ShareTweetShareShare

Related Posts

37778

Seven nabbed in major Police crackdown on narcotics across Ashanti Region

August 25, 2026
FB_IMG_1787665189364

President Mahama donates bus to Prisons Service

August 25, 2026
Amoakohene

Illegal mining pits claim 23 lives in Ashanti Region

August 25, 2026
Adu-Boahene-e1746172926638-3286761803-750x375

High Court refuses to halt former NSB Director’s trial

August 25, 2026
GES-logo-1

Investigation launched into alleged sexual misconduct at Ahafo high school

August 25, 2026
31114

Vetting of ministerial nominees Mahama Ayariga and Zanetor Agyeman-Rawlings rescheduled to Thursday, August 27

August 25, 2026

Recent News

Screenshot_20260825_145203_Google

Airbnb operators must Pay taxes Just like hotels, they are currently paying nothing and unregulated — GHA

August 25, 2026
hotel-room-600x375

Excessive taxes, levies, and regulatory fees driving up Ghana’s Hotel prices – GHA Vice President

August 25, 2026
37778

Seven nabbed in major Police crackdown on narcotics across Ashanti Region

August 25, 2026
FB_IMG_1787665189364

President Mahama donates bus to Prisons Service

August 25, 2026
  • Trending
  • Comments
  • Latest
Muntaka-750x375

Monday, March 31, and Tuesday, April 1, 2025, declared as public holidays

March 23, 2025
Screenshot_20230811-133044

17-year-old boy caught having sex with a pregnant dog

August 11, 2023
image-27

Business Committee of Parliament constituted with Ato Forson as Chairman

January 10, 2025

Something drastic must be done about prices of property in Ghana-Lawyer

June 14, 2021

Hello world!

Screenshot_20260825_145203_Google

Airbnb operators must Pay taxes Just like hotels, they are currently paying nothing and unregulated — GHA

travel4

Washington prepares for Donald Trump’s big moment

travel1

CS:GO ELeague Major pools and tournament schedule announced

Screenshot_20260825_145203_Google

Airbnb operators must Pay taxes Just like hotels, they are currently paying nothing and unregulated — GHA

August 25, 2026
hotel-room-600x375

Excessive taxes, levies, and regulatory fees driving up Ghana’s Hotel prices – GHA Vice President

August 25, 2026
37778

Seven nabbed in major Police crackdown on narcotics across Ashanti Region

August 25, 2026
FB_IMG_1787665189364

President Mahama donates bus to Prisons Service

August 25, 2026

Stay Connected test

  • 136 Followers
  • 20.2k Followers
  • 206k Subscribers
  • 24k Followers
  • 99 Subscribers
Rainbow Radio Online

© 2022 Rainbow Radio International

Navigate Site

  • General News
  • World
  • Sports
  • Business
  • Entertainment
  • Politics
  • Health
  • Opinion
  • Economy
  • Odd News
  • Culture
  • Lifestyle
  • Lifestyle
  • Governance
  • Technology

Follow Us

No Result
View All Result

© 2022 Rainbow Radio International

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version