NPRA’s suspension of SSNIT-Rock City deal is only a first victory – Ablakwa

North Tongu MP Samuel Okudzeto Ablakwa described the suspension of the controversial sale of the Social Security and National Insurance Trust (SSNIT) shares in four hotels by the National Pensions Regulatory Authority (NPRA) as a “first victory”.

In a press release, the NPRA nullified the scope of SSNIT’s involvement in the Minister of Food and Agriculture’s Rock City Hotel.

The Authority explained that this suspension would enable it to properly examine the documents related to the sale of these catering establishments.

This came a week after hundreds of protesters gathered at the Labadi Beach Hotel to demonstrate “Hands off our hotels”.

The main aim of the protest is to put pressure on the government to immediately stop the planned sale of a 60 percent stake in four well-known hotels.

Speaking on Joy FM’s Top Story, Mr Ablakwa said that while it was a good decision, he was looking forward to the cancellation of the entire sale.

“This is a first victory, but not the final victory. It is a significant development, a very positive one. We are calling for a cancellation, not a suspension, and that is why I call it a first victory,” he said on June 28.

He said this shows that a lot can be achieved when the nation stands together, so he prayed that the citizens would continue to work together to ensure that the government takes the right path.

At the same time, he called on the NPRA to ensure that the sale is properly investigated and subsequently stopped.

“We don’t want this to be a trick where the deal is praised to the skies and then reactivated when the discussions have died down and people aren’t paying attention.

“So we will be watching the matter closely and expect that this whole conflict of interest transaction, which violates numerous laws of our country, will ultimately be thrown out,” he added.

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