 has announced its discontinuation of the sale of the 60% shares in the four hotels.){kind=link}
The Social Security and National Insurance Trust (SSNIT) has announced its discontinuation of the sale of the 60% shares in the four hotels.
This comes after several labour unions announced their decision to embark on a nationwide strike following approval by the National Pensions and Regulatory Authority (NPRA) for SSNIT to procced with the sale of 60% shares in the four hotels.
A statement released by SSNIT on Friday, July 12 announced to the public the termination of the controversial sale of the shares in the hotels.“The Board and management of Social Security and National Insurance Trust (SSNIT) wish to inform the public that the process to divest 60% of SSNIT’s stake in the hotels has been terminated,” Board Chair of SSNIT Elizabeth Akua Ohene said in the statement.
This revelation prompted several labour unions to take action by declaring a nationwide strike following which SSNIT has terminated the controversial sale of 60% of its shares in the four hotels.