SSNIT Calls Off Sale of 60% Stake in Hotels, Reaffirms Commitment to Prudent Management
In a significant development, the Social Security and National Insurance Trust (SSNIT) has announced the termination of the process to divest 60% of its stake in its hotels. This decision was made public through a statement signed by Elizabeth Akua Ohene, on behalf of the Board and Management of SSNIT.
The move is aimed at alleviating concerns and reassuring pensioners, contributors, and the general public of the Trust’s commitment to managing its affairs prudently. SSNIT has reiterated its dedication to ensuring the sustainability of the Pension Scheme, which is a vital social security net for many Ghanaians.
The decision to discontinue the sale of the stake in the hotels is a testament to SSNIT’s unwavering commitment to its core mandate. The Trust remains focused on delivering on its promise of securing the financial future of its contributors and pensioners.
This development is expected to bring relief to stakeholders who may have been concerned about the potential implications of the divestment. SSNIT’s reassurance of its commitment to prudent management is a welcome development, and the Trust’s dedication to transparency and accountability is evident in this decision.
About SSNIT
The Social Security and National Insurance Trust (SSNIT) is a statutory public trust charged with the administration of Ghana’s National Pension Scheme. SSNIT is responsible for managing contributions, paying benefits, and providing social security protection to workers in the formal sector.
