Parliament's Majority Leader, Alexander Afenyo-Markin, has called upon the Social Security and National Insurance Trust (SSNIT) to disclose documentation concerning the transaction involving the sale of its shares in four hotels to Dr. Bryan Acheampong, the Minister of Agriculture.

“Let me make this appeal to SSNIT, SSNIT must come out, make the documents available, and speak to it. I mean, they cannot be dodgy. This is not a political matter. I cannot come and speak to it politically, condemn it, or commend it," he said.

SSNIT is nearing completion of the sale of 60% of its shares in the Elmina Beach Resort, Ridge Royal Hotel, La Palm Royal Beach Resort, and Labadi Beach Hotel to Rock City Hotel, owned by Dr. Acheampong.

Concerns have been raised by stakeholders regarding a potential conflict of interest in the transaction. North Tongu MP, Samuel Okudzeto Ablakwa, has submitted a petition to CHRAJ urging an investigation into the deal.

In his petition to CHRAJ, Mr. Ablakwa seeks an inquiry into various allegations, including conflict of interest, abuse of power, procedural irregularities, violations of procurement protocols, favoritism, and corruption.

Mr. Ablakwa's petition points out what he perceives as breaches of constitutional provisions, citing Articles 78(3) and 98(2) of the 1992 Constitution.

It noted that following this “further advertisements for an Expression of Interest (EOI) for a Strategic Partner for the SSNIT Hotels were placed in the Daily Graphic on 3rd February 2022 and in the Ghanaian Times on 7th February 2022. The advertisement was also published in The Economist Magazine on 26th February 2022.”

SSNIT has refuted any allegations of wrongdoing in its choice to divest a 60% interest in its hotels to Rock City Hotel.

In an official statement, the Trust clarified that the initiative commenced in November 2018 subsequent to its engagement of a Transaction Advisor to oversee the identification of a Strategic investor among other considerations.

“SSNIT must come out, and even not only this decision, [it must] look at all their investments that are failing and explain them to the public.

“I am sure that TUC and other labour unions will understand if these things are explained and they will take away Bryan Acheampong as a person and understand that, let’s not look at the form but at the substance.”