General Secretary of the Ghana Federation of Labour of the Trade Union Congress (TUC), Abraham Koomson, has stated that he is astonished at the National Pensions Regulatory Authority’s (NPRA) decision to approve the sale of four SSNIT hotels to Rock City Hotel.

In an interview with the media on Thursday, July 11, he expressed doubt and astonishment at the news, asserting that SSNIT should not proceed with the sale of the hotels without proper consultatio

“I am not very sure this story is true…I’m surprised. They can’t sell it,” he said.

He stated that Organised Labour will convene on Friday to discuss the development.

The Employment Minister, Ignitius Baffuor Awuah, informed Parliament on Thursday that the NPRA has given clearance for SSNIT to proceed with the sale of four hotels to Bryan Acheampong’s Rock City Hotel.

Initially, the NPRA had asked SSNIT to halt the transaction due to public opposition.

However, the Minister clarified that the NPRA's initial directive was to ensure that all details of the sale were fully provided.

“So, as I Minister, I can tell you on authority that NPRA has since indicated that they had seen the processes and they think that SSNIT can go ahead,” he said.

Mr. Koomson questioned the Employment Minister's briefing to Parliament, citing concerns about his non-membership on the SSNIT board.

“I doubt him, I doubt it. They can’t go behind us and do what they are doing,” he added.

The General Secretary underscored organized labor's opposition to the sale of SSNIT’s 60% stake in the four hotels to Rock City Hotel, owned by Bryan Acheampong, the Minister of Food and Agriculture and MP for Abetifi Constituency.

He questioned Rock City Hotel's financial capacity to handle such a transaction, insisting they cannot afford it and should not be pressured into the deal.

North Tongu MP, Samuel Okudzeto Ablakwa, who exposed the deal, has raised doubts about the ability of Food and Agriculture Minister Bryan Acheampong to turn around the fortunes of the SSNIT hotels he plans to purchase through Rock City Hotel Limited.

Mr. Ablakwa criticized the deal as part of what he considers state capture by appointees of the Akufo-Addo government.

He noted that Labadi Beach Hotel, Ridge Royal, and other hotels are profitable, whereas Rock City Hotel Limited has consistently reported losses.

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