Executive Secretary of the Civil and Local Government Staff Association of Ghana (CLOGSAG), Isaac Bampoe Addo, has cautioned the Social Security and National Insurance Trust (SSNIT) against selling its stake in four hotels to Rock City, a company owned by Agriculture Minister Bryan Acheampong.
After a meeting with the SSNIT Board on Thursday, May 30, Bampoe Addo expressed Organised Labour’s firm opposition to the deal, stating that they are “not convinced” about its integrity.
“There are so many negatives in the transaction that we have pointed out to them,” he noted.
“How can you go through a tender process and give specifications, and along the line, you change the specifications?” Mr. Bampoe Addo wondered.
He said, “Our Procurement Act does not allow this. We have told them to cancel the deal.”
“We will take control. This is our money. We will take control; SSNIT does not need to go ahead with the deal,” he insisted.
“They dare not go ahead with the deal, and we have asked for a total restructuring of SSNIT,” he warned.