Secretary-General of the Trades Union Congress (TUC), Dr. Yaw Baah has criticized the Social Security and National Insurance Trust (SSNIT) for allegedly failing to conduct proper due diligence in its attempt to sell its stakes to Rock City Hotel.
This comes as a responds to claims by the Trust that it was selling its stakes in six hotels to Rock City Hotel, a company owned by the Minister of Food and Agriculture, Mr. Bryan Acheampong.
But SSNIT says the hotel presented the strongest technical and financial proposal among other interested companies to back the claim.
However, Mr. Baah has asserted that the Trust mishandled the sale process.
“From all indications, it appears the process is going on, and in fact, they are even speeding it, and we do not think it is right. We do not think the regulations that guide the sale of state assets were followed. We do not think that the necessary due diligence was conducted. We cannot imagine that state property will be sold to a Minister of state,“ he said.
He urged the minister responsible for pensions to take proactive measures to prevent the sale; otherwise, the union would be compelled to take action.