The
University
Teachers
Association
of
Ghana
(UTAG)
has
called
for
the
immediate
dissolution
of
the
Board
of
the
Social
Security
and
National
Insurance
Trust
(SSNIT)
and
the
resignation
of
top
management
members.
UTAG
in
a
statement
issued
on
Saturday,
July
13,
noted
that
SSNIT’s
initial
disregard
of
public
outcry
to
go
ahead
with
the
sale
of
the
four
hotels
undermines
public
trust
in
their
ability
to
manage
funds
transparently
and
prudently.
The
call
by
UTAG
comes
after
SSNIT
terminated
the
intended
sale
of
60
percent
of
shares
in
some
four
hotels
to
Rock
City
Hotel
owned
by
Agriculture
Minister,
Bryan
Acheampong.
The
termination
of
the
sale
was
announced
after
Organised
Labour
decided
to
embark
on
a
nationwide
strike
on
Monday,
July
15.
The
statement
signed
by
UTAG
President
Prof
Mamudu
Akudugu
and
General
Secretary
Prof
Eliasu
Mumuni
noted
that“Those
in
positions
of
power
within
SSNIT
must
step
down
to
allow
new
people
with
a
better
appreciation
of
the
enormity
of
the
responsibility
of
managing
pension
funds
to
take
over
and
restore
public
trust
and
ensure
that
such
actions
are
not
repeated
in
the
future”.
“Their
initial
decision
to
proceed
with
this
transaction,
despite
widespread
public
outcry,
indicates
a
disregard
for
the
sentiments
and
welfare
of
the
broader
populace.
This
action
has
undermined
confidence
in
the
board
and
management’s
capacity
to
manage
our
pension
funds
and
assets
prudently
and
transparently.”
“In
light
of
the
declaration
of
a
nationwide
strike
by
Organized
Labour
on
12th
July
2024,
the
University
Teachers
Association
of
Ghana
(UTAG)
unequivocally
supports
the
action.
Consequently,
UTAG
has
begun
the
necessary
steps
to
activate
a
nationwide
strike
as
per
the
declaration
by
Organized
Labour,
strictly
following
the
UTAG
Constitutional
provisions.
This
decision
is
not
taken
lightly
but
reflects
our
deep-seated
concern
over
the
current
handling
of
SSNIT
investment
interests
and
its
assets.”
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