Cancel the sale of 60% shares in SSNIT hotels – Organized labor tells SSNIT Board

Dr Yaw Baah

Organized labor has called on the Board of the Social Security and National Insurance Trust (SSNIT) to cancel the sale of 60% shares of its stake in several hotels to the Agriculture Minister, Bryan Acheampong.

Addressing a news conference in Accra on May 20, 2024, the Secretary General of the Trades Union Congress (TUC), Dr Anthony Yaw Baah, said the sale of shares is unacceptable.

Meanwhile organized labor has called for an emergency meeting with President Akufo-Addo and officials of the Investments and Operations Unit of SSNIT.

Dr Yaw Baah said, the Minister for Employment and Labor Relations, Ignatius Baffour Awuah, should ensure that the agreement is cancelled.

“If the Minister of Pensions who is also the Minister of Employment and Labor Relations fails to stop SSNIT, we workers of Ghana who own the funds, will stop it.”

He again said, the sale of the 60 percent shares to Bryan Acheampong was unacceptable.

“We do not think that the regulations that guide the sale of state assets were followed. We do not think that the necessary due diligence was done, we cannot imagine that state property will be sold to a minister of state. For us, it smacks of state capture and that should be stopped,” Dr Baah said.

Chairman of The Forum, Isaac Bampoe Addo intimated that if Mr. Ignatius Baffour fails to cancel the sale agreement, there will be a nationwide strike.

“We want the government to know that these funds are not government funds. “These funds are pension funds, the government should be aware that we will not allow our pension funds to be misused and should they dare, there will be a nationwide strike,” Mr Bampoe Addo threatened.

He added that organized labor will not allow government and SSNIT to misuse the funds of pensioners.

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