Dr.
Kwabena
Nyarko
Otoo,
Director
of
Policy
and
Research
at
the
Trades
Union
Congress
(TUC)
has
criticised
attempts
by
the
Social
Security
and
National
Insurance
Trust
(SSNIT)
to
sell
off
its
60%
shares
in
four
hotels
to
Rock
City.
During
an
interview
with
Bernard
Avle
on
The
Point
of
View
on
Channel
One
TV,
Dr
Otoo
described
SSNIT’s
approach
as
“lazy”
and
questioned
why
Kempinski
and
other
prestigious
hotels
are
thriving
while
La
Palm
Royal
Beach
Hotel
is
struggling.
Dr.
Otoo
suggested
that
SSNIT
investigate
the
circumstances
leading
to
the
struggles
of
the
four
hotels
and
advocated
for
prudent
management
of
pension
funds.
He
emphasised
that
the
hotels
should
not
be
sold
and
that
the
right
measures
should
be
put
in
place
to
ensure
their
viability.
“We
do
not
expect
SSNIT
to
go
back
in
any
attempt
to
sell
the
four
hotels
to
Rock
City
Hotel
or
any
other
investor.
The
process
was
a
problem
to
us,
the
fact
that
it
was
been
bought
by
a
minister
of
state.
We
thought
that
it
could
be
legal,
but
we
thought
that
it
was
not
morally
right.
Those
in
government
should
not
be
the
ones
buying
our
assets.
“But
if
we
all
agree
that
those
investments
were
not
doing
well,
I
think
the
proper
thing
to
do
is
to
investigate
why
they
are
not
doing
well.
We
know
that
Kempinski,
and
other
hotels,
big
hotels
and
small
medium-sized
hotels
are
doing
well.
Organised
Labour
declared
its
intention
to
strike
on
Monday,
July
15,
2024,
but
called
off
the
strike
after
the
Social
Security
and
National
Insurance
Trust
(SSNIT)
terminated
the
process
of
selling
its
60%
stakes
in
four
hotels.
This
followed
the
announcement
by
Bryan
Acheampong,
owner
of
Rock
City
Hotel
and
Agriculture
Minister,
that
he
no
longer
intended
to
purchase
the
hotels.
Instead,
Organised
Labour
directed
its
members
to
resume
work
and
demanded
proper
engagement
with
the
government,
threatening
to
take
further
action
if
their
demands
are
not
met.
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