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You can survive without SSNIT hotels, don’t buy them if possible

Dan Kwaku Yeboah, sports director of Despite Media Dan Kwaku Yeboah, sports director of Despite Media

Dan Kwaku Yeboah, Sports Director of Despite Media, has appealed to the Minister of Food and Agriculture and owner of Rock City Hotel, Bryan Acheampong, to withdraw from the planned purchase of stakes in some hotels owned by the Security Social and National Insurance. Trust (SSNIT).

On Okay FM, Dan Kwaku Yeboah made a moral argument, stating that the deal reeks of impropriety and that it is inappropriate for a member of the government to buy a state-owned company while in office.

Kwaku Yeboah believes that the Member of Parliament for Abetifi constituency can prosper without adding SSNIT hotels to his business portfolio.

He highlighted the issue of conflict of interest, noting that Bryan Acheampong should avoid what he sees as unnecessary drama by withdrawing from the deal.

“If possible, he should not proceed with the purchase of hotels. It is a clear conflict of interest. I have a good relationship with him and I know that beyond politics, he is a consummate businessman who does not need the SSNIT hotels to prosper. To preserve your name and reputation from all controversies, you should simply stop.

“We can try to justify it and say whatever we want, but once it borders on conflict of interest, I would encourage you not to continue. SSNIT is a public institution run by the government, and Bryan Acheampong is part of that government, so” There is a clear conflict of interest. With or without those hotels, he would never go bankrupt, so he should stop,” he stated.

Background:

Samuel Okudzeto Ablakwa, Member of Parliament for North Tongu, has alleged that six hotels belonging to SSNIT are being sold to the Minister of Food and Agriculture, Bryan Acheampong.

In a social media post on Friday, May 17, 2024, the MP revealed that documents he obtained indicate that negotiations to sell 60% of the shares in the six SSNIT hotels to the minister’s Rock City Hotel Limited are underway. .

The North Tongu legislator stressed that the sale of state property to government officials is an abuse of power and should be banned.

He said: “The six SSNIT hotels being sold are Labadi Beach Hotel, La Palm Royal Beach Hotel, Elmina Beach Resort, Ridge Royal Hotel, Busua Beach Resort and Trust Lodge Hotel.”

Ablakwa has asked the Commission on Human Rights and Administrative Justice (CHRAJ) to investigate and stop the minister’s acquisition of the hotels.

He maintains that the minister’s actions not only constitute an abuse of power but also suggest a lack of due process, procurement violations, cronyism, corruption and a violation of the Constitution of Ghana.

SSNIT responded by saying that it would prefer to sell 60% stake in four hotels to Bryan Acheampong’s company because they submitted the best offer and the shares were advertised for all interested parties to bid.

E.K.

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