SSNIT Denies Sale of 60% Shares to Agric Minister

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Following a crucial meeting between the Management and Board of the Social Security and National Insurance Trust (SSNIT) and Organised Labour regarding the alleged sale of 60% shares in some hotels to the Minister of Food and Agriculture, Bryan Acheampong, SSNIT’s Board Chairperson, Elizabeth Ohene, clarified that no such sale has occurred.

Madam Ohene informed Organised Labour representatives that SSNIT is still gathering views before finalizing any agreement. Dr. Anthony Yaw Baah, Secretary General of the Trades Union Congress (TUC), reiterated Organised Labour’s stance against the sale, emphasizing that they will not permit the hotels to be sold to the Minister of Agric.

Instead, Organised Labour proposed convening a stakeholder meeting to address various issues affecting SSNIT. Dr. Baah highlighted the importance of collaboration among stakeholders to ensure the sustainability of SSNIT’s investments and retirement benefits.

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Furthermore, Dr. Baah reaffirmed their intention to meet with President Akufo-Addo to discuss SSNIT matters, despite receiving a letter from the Minister of Employment. Isaac Bampoe Addo, Chairman of The Forum, echoed Organised Labour’s opposition to the deal, emphasizing the need for workers to assert control over SSNIT’s pension funds.

Mr. Bampoe Addo underscored the workers’ ownership of the funds and criticized government interference in SSNIT’s affairs, advocating for a complete restructuring of SSNIT.

Organised Labour remains steadfast in their rejection of the alleged sale and demands greater autonomy over SSNIT’s management and decision-making processes.

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