NPP Government's Abysmal Management of SSNIT Funds Exposed: Hotel Sales Scandal Raises Eyebrows
Recent revelations surrounding the sale of SSNIT's hotels have raised concerns about the transparency and value for money of the transactions.
According to documents intercepted from SSNIT, by Hon. Okudzeto Ablakwa, the offer made by Hon. Bryan Acheampong's Rock City fell short of the minimum expected value of the four hotels.
The documents reveal that the expected value of the 60% stake in the hotels ranges from $80,406,630 to $121,315,643, while Rock City's offer was $61,200,000.
This raises questions about whether the transaction is in the best interest of Ghanaian workers, who are the ultimate beneficiaries of the SSNIT fund.
As the transaction comes under scrutiny, many are calling for a more thorough investigation into the sale process. The questions on many people's minds include:
1.Why did SSNIT accept an offer that is significantly lower than the expected value of the hotels?
2.What criteria were used to evaluate the offers and determine the best value for the hotels?
3.Were there any other offers received that were higher than Rock City's offer?
4.What is the rationale behind selling a 60% stake in the hotels, and how will this impact the management and control of the hotels?
As the story continues to unfold, it is essential to ensure that the transaction is transparent, fair, and in the best interest of Ghanaian workers. Any evidence or information that can shed more light on this transaction would be invaluable in ensuring that the public is absolute aware.
By scrutinizing the details of this transaction and ensuring that all the facts are on the table, we can work towards a more transparent and accountable process that serves the best interests of all parties involved.
