HomelocalNPRA Directs SSNIT to Halt Sale of Hotels to Safeguard Public Interest

NPRA Directs SSNIT to Halt Sale of Hotels to Safeguard Public Interest

NPRA Directs SSNIT to Halt Sale of Hotels to Safeguard Public Interest

The National Pensions Regulatory Authority (NPRA) has ordered the Social Security and National Insurance Trust (SSNIT) to suspend the controversial sale of its stake in some four hotels.

This is to allow the Authority to properly evaluate the document associated with the sale of the hospitality facilities.

In a statement signed on June 28, the NPRA Chief Executive, John Kwaning Mbroh directed that “you are hereby directed by the Board of the Authority to suspend all the processes seeking to engage Rock City Hotel Limited as the Strategic Investor in the matter of the sale of the above-mentioned hotels.

This comes a week after hundreds of demonstrators gathered at the  Labadi Beach Hotel for the “Hands Off Our Hotels” demonstration.

The main objective of the protest is to exert pressure on the government to immediately halt the proposed sale of a 60 percent stake in four prominent hotels.

This company is reportedly owned by Bryan Acheampong, Ghana’s Minister for Food and Agriculture.

The hotels in question include the  Labadi Beach Hotel La Palm Royal Beach Resort,  Elmina Beach Resort, and Busua Beach Resort.

North Tongu MP and the organiser of the protest, Samuel Okudzeto Ablakwa argued that the sale of state-owned properties to government officials constitutes a clear abuse of power that should not be tolerated.

The NPRA says SNNIT on June 24 appeared before the Board of the Authority at their meeting “to further provide insights on the subject, albeit inconclusive.”

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While acknowledging the commitment on SSNIT’s part, the NPRA Board took the fresh decision to pause the sale in order to help them issue relevant guidelines on the way forward in line with the National Pensions Act.

Samuel Okudzeto Ablakwa has already lodged a formal petition with the Commission on Human Rights and Administrative Justice (CHRAJ) to investigate the allegations.

Mr Ablakwa’s petition to CHRAJ seeks an investigation into various allegations, including conflict of interest, abuse of power, lack of due process, procurement breaches, cronyism, and graft.

The MP highlighted what he views as a violation of constitutional provisions, citing Articles 78(3) and 98(2) of the 1992 Constitution.

In a subsequent Facebook post on Friday, May 17, he contended that Dr. Bryan Acheampong’s alleged involvement in the hotel sale without the Speaker of Parliament’s permission constitutes a breach of parliamentary protocol regarding holding offices of profit.

SourceJoy News
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