branch
of
SSNIT
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North
Tongu
lawmaker
Samuel
Okudzeto
Ablakwa
has
said
that
the
board
of
the
Social
Security
and
National
Insurance
Trust
(SSNIT)
should
be
dissolved
without
delay.
To
him,
the
board
failed
to
manage
the
assets
of
SSNIT.
“The
SSNIT
board
must
be
dissolved
without
delay,”
he
said
on
the
Key
Points
on
TV3
Saturday,
July
13.
“They
must
all
go,
they
have
done
a
great
disservice
to
the
people
of
Ghana,”
he
added.
Samuel
Okdzeto
further
credited
all
Ghanaians
especially
labour
unions
for
the
pressure
mounted
against
the
sale
of
the
hotels
belonging
to
the
SSNIT
which
has
led
to
the
discontinuation
of
the
sale.
He
says
this
is
a
victory
for
organized
labour.
“This
is
a
victory
for
the
Ghanaian
people’s
organized
labor,
it
is
not
my
personal
victory,”
he
said.
He
added
“real
power
belongs
to
the
people,
you
cannot
continue
to
take
the
people
for
a
ride,
i
want
to
salute
organised
labour,”
he
said
on
the
Key
Points
on
TV3
on
Saturday
July
13.
His
comments
come
after
SSNIT
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
60%
shares
in
the
four
hotels.
A
statement
released
by
SSNIT
on
Friday,
July
12
announced
to
the
public
the
termination
of
the
controversial
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.”
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