SSNIT terminates sale of 60% shares in hotels

The Social Security and National Insurance Trust (SSNIT) has announced its discontinuation of the sale of the 60% shares in the four hotels.

This comes after several labour unions announced their decision to embark on a nationwide strike following approval by the National Pensions and Regulatory Authority (NPRA) for SSNIT to procced with the sale of shares in the hotels.

Organised labour to strike on July 15 over sale of SSNIT hotels

A statement released by SSNIT on Friday, July 12 announced to the public the termination of the sale of the shares in the hotels.

“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,” Board Chair of SSNIT Elizabeth Akua Ohene said in the statement.

SSNIT assured pensioners and contributors of managing the affairs of the Trust “prudently for the sustainability of the Pension Scheme.”

More soon…..

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