
President Mahama demands targeted investment into Ghana’s education sector, return of stolen artifacts in reparatory justice talks
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27th May 2024 5:09:47 PM
2 mins readBy: Chris Kodo

In a recent post on X, Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has raised further concerns regarding the sale of hotels owned by the Social Security and National Insurance Trust (SSNIT) to Rock City Hotel, owned by the Minister for Food and Agriculture, Bryan Acheampong.
Mr Ablakwa's post highlighted the potential involvement of Hamdiya Ismaila, a Director of SEM Capital Advisors Ltd, in the transaction process.
Mr Ablakwa questioned whether Ismaila, who previously served as General Manager at the Venture Capital Trust Fund, exerted undue influence during SEM Capital's selection as Transaction Advisor in 2019, given her government position at the time.
He also raised suspicions about the subsequent bid won by Rock City in 2022, suggesting a possible conflict of interest.
He shared a letter from the Central Tender Review Committee in 2019, granting approval for SSNIT to engage SEM Capital as the recommended tenderer for consultancy services related to the divestiture of its hotels.
Meanwhile, Mr Ablakwa's petition to the Commission on Human Rights and Administrative Justice (CHRAJ) calls for an investigation into alleged conflict of interest, abuse of power, procurement breaches, and other irregularities surrounding the sale.
SSNIT and Bryan Acheampong have denied any wrongdoing, asserting that Rock City submitted the best proposal for the acquisition of a 60% stake in the hotels.
As the investigation unfolds, stakeholders await further developments to determine the outcome of the probe into the sale of SSNIT hotels to Rock City, amidst growing calls for accountability and adherence to due process.
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