The
Social
Security
and
National
Insurance
Trust
(SSNIT)
has
officially
communicated
its
decision
to
terminate
the
sale
of
its
four
hotels
to
Organised
Labour.
The
termination
of
the
sale
was
announced
after
Organised
Labour
decided
to
embark
on
a
nationwide
strike
on
Monday,
July
15.
SSNIT
was
negotiating
to
sell
60
percent
of
its
shares
in
four
hotels
to
Rock
City
Hotel,
owned
by
the
Agriculture
Minister,
Bryan
Acheampong.
The
group
had
threatened
to
proceed
with
their
planned
strike
until
SSNIT
communicated
its
decision
to
them.
However,
a
letter
dated
Sunday,
July
14,
and
signed
by
the
chairperson
of
the
board
of
Trustees,
Elizabeth
Akua
Ohene,
said,
“The
Board
and
Management
of
Social
Security
and
National
Insurance
Trust
(SSNIT)
wish
to
inform
you
that
the
process
to
divest
60%
of
SSNIT’s
stake
in
the
hotels
has
been
terminated.
It
assured
pensioners
of
its
commitment
to
managing
the
affairs
of
the
Trust
prudently.
“We
wish
to
assure
pensioners,
contributors
and
the
public
of
our
commitment
to
managing
the
affairs
of
the
Trust
prudently
for
the
sustainability
of
the
Pension
Scheme.”
—–
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