North Tongu Lamaker Samuel Okudzeto Ablakwa has asked that the Director General of the Social Security and National Insurance Trust (SSNIT) Kofi Bosompem Osaf-Maafo, to leave office if he can’t manage the assets of SSNIT profitably.
His comments come after SSNIT earlier justified its decision to sell 60% stake in a number of its hotels to Rock City Hotel Limited, a firm owned by Minister for Food and Agriculture and Member of Parliament for Abetifi, Bryan Acheampong.
In a press briefing on Monday, July 8, the Director General of SSNIT, Kofi Bosompem Osafo-Maafo insisted that all the hotels put up for sale had recorded consistent losses.
According to him, the majority of hotels were not paying dividends and that selling them was the only option to revive the hotels.
“I don’t think anyone running an investment funding in the world would be sitting and earning substandard returns.. we have to address the issue,” he explained.
He added “they deliberately run these institutions down and turn around to acquire it.”
His comments come after SSNIT announced its discontinuation of the sale of the 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.
Source: 3news.com
