Rock City Hotel, owned by Food and Agriculture Minister Dr. Bryan Acheampong, has withdrawn its controversial bid to purchase 60% of SSNIT’s stake in four hotels.
This decision follows Organised Labour’s declaration of a nationwide indefinite strike action in response to the National Pensions Regulatory Authority’s (NPRA) approval for SSNIT to proceed with its plan to offload part of its stake in the facilities.
Dr Yaw Baah, Secretary General of the Trades Union Congress (TUC), expressed confusion over NPRA’s decision to allow SSNIT to proceed with the deal without further engagement after initially ordering a halt.
Addressing the media on July 12, Dr Baah declared the industrial action effective Monday, July 15, 2024.
“From Monday, July 15, 2024, all workers in Ghana must not go to work until SSNIT publicly announces the termination of the process for the sale of its shares in the hotels,” he said.
In a statement on Friday, July 12, 2024, Rock City Hotel’s management indicated that “Flowing from all the commentary monitored and the undue negativity that has attended this commentary, we feel you have not done enough to engage all your stakeholders, leading to perceptions that we don’t want to be associated with our brand.”
“We believe that such negativity is not only injurious to our brand but also jeopardises the success of the investment we intend to make in these hotels.”
As a result, Rock City has informed SSNIT “of our decision to withdraw our bid and discontinue our pursuit of this investment opportunity.”
By: Ekow Annan/newsalertgh.com
