The National Pensions Regulatory Authority has approved the sale of 60% of SSNIT’s hotel investment shares.
According to Minister of Employment and Labour Relations Ignatius Baffour Awuah, this decision follows an NPRA directive, which temporarily halted SSNIT’s negotiations with Rock City regarding the sale of four hotels.
Mr. Awuah explained that the NPRA has now authorized the sale, confirming that SSNIT complied with all necessary processes and documentation.
He stated that the decision to sell 60% of SSNIT’s hotel shares was strategic, following multiple unsuccessful attempts at restructuring.
“The NPRA’s directive is not to block sales entirely but to ensure due diligence. The sale is to prevent further depletion of resources and attract private investment. “
