Organised Labour will today hold an emergency meeting to determine its next line of action after the National Pensions Regulatory Commission (NPRA) gave the green light for the sale of SSNIT shares in some six hotels.
The NPRA on June 28, 2024 directed SSNIT to suspend its negotiations with Rock City over the sale of four hotels, pending further evaluation and engagement.
But answering questions on the floor of Parliament, on Thursday, July 11, 2024, the Minister of Employment and Labour Relations, Ignatius Baffour Awuah told Parliament that all due processes have been complied with.
Thus SSNIT can go ahead with the sale of its 60 percent shares to Rock City Hotels.
Source: CITI