Director
General
of
SSNIT,
Kofi
Bosompem
Osafo-Maafo
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North
Tongu
Lamaker
Samuel
Okudzeto
Ablakwa
has
asked
that
the
Director
General
of
the
Social
Security
and
National
Insurance
Trust
(SSNIT)
Kofi
Bosompem
Osaf-Maafo,
to
leave
office
if
he
can’t
manage
the
assets
of
SSNIT
profitably.
His
comments
come
after
SSNIT
earlier
justified
its
decision
to
sell
60%
stake
in
a
number
of
its
hotels
to
Rock
City
Hotel
Limited,
a
firm
owned
by
Minister
for
Food
and
Agriculture
and
Member
of
Parliament
for
Abetifi,
Bryan
Acheampong.
In
a
press
briefing
on
Monday,
July
8,
the
Director
General
of
SSNIT,
Kofi
Bosompem
Osafo-Maafo
insisted
that
all
the
hotels
put
up
for
sale
had
recorded
consistent
losses.
According
to
him,
the
majority
of
hotels
were
not
paying
dividends
and
that
selling
them
was
the
only
option
to
revive
the
hotels.
“I
don’t
think
anyone
running
an
investment
funding
in
the
world
would
be
sitting
and
earning
substandard
returns..
we
have
to
address
the
issue,”
he
explained.
But
speaking
on
the
Key
Points
on
TV3
Saturday,
July
13
while
reacting
to
the
SSNIT
discontinuation
of
the
sale
of
the
hotels,
Mr
Ablakwa
said
“If
you
can’t
turn
fortunes
around
why
are
you
still
in
office?”
He
added
“they
deliberately
run
these
institutions
down
and
turn
around
to
acquire
it.”
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
procceed
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.”
