Organised Labour will convene an urgent session today to determine its course of action after the National Pensions Regulatory Commission (NPRA) authorized the sale of SSNIT shares in six hotels.On June 28, the NPRA had instructed SSNIT to halt negotiations with Rock City regarding the sale of four hotels, pending additional assessment and consultation.

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However, despite this directive, Employment Minister Ignatius Baffour Awuah informed Parliament on Thursday, July 11, that all required procedures have been followed in the sale process.“Yes, it is true that NPRA came up with a directive, but I would appreciate it if my brother, my colleague, really read the directive from NPRA.

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It said it needed to be furnished with all information relating to the sale of the hotels, which SSNIT has since done that."“So, it wasn’t like a direct something that SSNIT should not go ahead to do anything, but then, SSNIT can only go ahead when NPRA, which is the regulator within the field, had actually certified that they have seen all the documentation and the processes, and they think that we are good to go.

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"“Yes, so, as a minister, I can tell you on authority that NPRA has since indicated that they have seen the processes, and they think that SSNIT can go ahead.”As a result, the emergency meeting seeks to tackle the apprehensions of Organised Labour regarding the sale and to devise an suitable response.

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