Former National Chairman of the New Patriotic Party (NPP), Freddie Blay, expressed opposition to the idea of SSNIT seeking approval or consultations before making investments in other businesses.
In an interview with TV3’s Beatrice Adu on The Keypoints, Mr. Blay argued that SSNIT operates with its own board, which should have the autonomy to make decisions independently.
Regarding concerns raised by Organised Labour about their representatives on the board opposing SSNIT’s sale of the hotels, Mr. Blay emphasized that decisions of such significance cannot be dictated solely by a minority within the board.
He defended SSNIT’s transparency in publicly advertising the sale of the hotels, stating that such actions are within the board’s prerogative and are binding on all stakeholders involved.
“SSNIT decided to get involve with hotel management and purchased some hotels… I don’t believe they want to consult TUC before they do that…When you have a decision and they take a decision , the decision is binding; it is one decision…I will be surprise that four members of a board taking a decision that we don’t want one hotel to be sold.
“I can’t question the decision of SSNIT because government appointed members. I don’t have any problem with that if they decide that as a policy….indeed I’m not too sure when they decided, some tell me that they decided to dispose it as far back as 2015, 2016 when NDC was in office.
Mr. Blay stressed that he would have purchased the hotels being sold if he has the financial muscle.