Following allegations made by North Tongu MP, Samuel Okudzeto Ablakwa, the Social Security and National Insurance Trust (SSNIT), has denied any impropriety in its decision to sell a 60% stake in four of its hotels to Rock City Hotel, owned by Ghana's Food and Agriculture Minister and Member of Parliament for Abetifi Constituency, Dr Bryan Acheampong.

Ablakwa recently petitioned CHRAJ to investigate the sale of six hotels, including Labadi Beach Hotel, La Palm Royal Beach Resort, Elmina Beach Resort, Ridge Royal Hotel, Busua Beach Resort, and the Trust Lodge Hotel.

In response, SSNIT released a press statement asserting that the selection process for the sale was transparent and in strict compliance with the Public Procurement Act.

However, SSNIT clarified that the bids were successful for only four hotels and not the entire six as claimed by the MP.

The Trust has affirmed its willingness to fully cooperate with CHRAJ in its investigation and has reiterated its commitment to transparent and responsible management practices.

Please, find below the complete press release from SSNIT