Group Threatens Legal Action Over SSNIT Hotels Sale to Bryan Acheampong

The Coalition for Democratic Accountability and Inclusive Governance has warned that it may pursue legal action if the sale of Social Security and National Insurance Trust (SSNIT) assets to Bryan Acheampong, the Minister for Food and Agriculture, is not stopped.

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The coalition expressed concerns about potential conflicts of interest in the transaction and demanded transparency on how Acheampong’s company, Rock City, secured the bid to purchase SSNIT’s 60 percent shares in four hotels.

In an interview with Citi News, Edem Senanu, a member of the Coalition, emphasized the need for thorough review and transparency in the transaction process. He highlighted the importance of investigating any illegality and ensuring accountability. “There has been an illegality, so one has to review the process. So I don’t think that the horse has bolted. I think there is still an opportunity. SSNIT itself has said it recognises and acknowledges that CHRAJ is investigating, and I think that is the way to go,” Senanu stated.

Rock City Hotel Offers Best Proposal for 60% Stake in Four Hotels – SSNIT

Senanu pointed out the lack of clarity regarding the transaction’s objectives and how the funds from the sale will be used. He called for the nation to address these concerns promptly. “Our position is that fundamentally, the reasons we have been provided raise red flags, let alone the processes and methodology. What the money is going to be used for, how it is going to generate the objectives they set out to achieve. There is no clarity on any of these. I think that there is still time to make amends if we as a country want to do that.”

Senanu also mentioned that the Coalition is considering legal action as a last resort if necessary. “If we get to the point where we think that it is necessary to take court action, we will discuss that and look into it, but we haven’t been to court. If we have to, we will get to a point where we assess that the Coalition needs to do that. That is definitely an option that will be explored.”

The situation continues to unfold as the Coalition seeks to ensure transparency and accountability in the transaction involving SSNIT and Bryan Acheampong’s company.

Source: Citinews