Member of Parliament of North Tongu, Samuel Okudzeto Ablakwa has described the National Pensions Regulatory Authority's (NPRA) suspension of the Social Security and National Insurance Trust's (SSNIT) controversial sale of its stake in four hotels as an "initial victory."

In a press release, the NPRA suspended the scale of SSNIT's stake to the Minister of Food and Agriculture's Rock City Hotel.

The Authority stated that this suspension would allow it to properly evaluate the documents associated with the sale of these hospitality facilities.

This comes a week after hundreds of demonstrators gathered at the  Labadi Beach Hotel for the "Hands Off Our Hotels" demonstration.

The main objective of the protest is to exert pressure on the government to immediately halt the proposed sale of a 60 percent stake in four prominent hotels.

Speaking on Joy FM’s Top Story, Mr Ablakwa said although this was a good call, he was looking forward to the cancellation of the entire sale.

“This is an initial victory, it is not the final victory. It is a significant development, a very positive one. We are demanding a cancellation, not a suspension and that is why I call it an initial victory,” he said on June 28.

He said this goes to prove that a lot can be achieved when the nation comes together. Therefore, he prayed that citizens will continually collaborate to ensure that the government follows the right path.

Meanwhile, he urged the NPRA to ensure that the sale is properly investigated and subsequently halted.

“We do not want this to be a trick where when it appears that discussions have died down and people are not watching then this deal will sing to the high heavens is reactivated.

"So we will be watching keenly and we expect that eventually this whole conflict of interest transaction which violates multiple laws of our country will be thrown out of the window,” he added.