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SSNIT backs down in bid to offload 60% shares in four hotels

SSNIT hotels

SSNIT.

By Rachel Kakraba

The Board and Management of the Social Security and National Insurance Trust (SSNIT), has terminated the process to divest 60 percent of its stake in four hotels. 

This follows agitations and pressure by Organized Labour to embark on a nationwide strike beginning Monday, July 15, 2024.

The Unions directed members to stay away from work if SSNIT fails to cancel the controversial hotel sale. 

A statement, signed by the Board Chair of SSNIT, Elizabeth Ohene, assured pensioners, contributors, and the public of its commitment to manage the affairs of the Trust prudently for the sustainability of the Pension Scheme.

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