Rock City withdraws bid to purchase 60% SSNIT stake in 4 hotels

In a recent update concerning the SSNIT hotels sale, Rock City Hotel has decided to withdraw its controversial bid to own 60% of SSNIT’s stake in four hotels.

This deliberate move came after Ghana’s organized labour declared an Indefinite industrial action following National Pensions Regulatory Authority’s (NPRA) approval giving clearance to SSNIT, to proceed with its plan to offload part of its stake in the facilities.

Dr. Yaw Baah, the current Secretary General of the Trades Union Congress (TUC), explained that the members of the union can’t comprehend why the National Pensions Regulatory Authority   (NPRA) approved the deal to allow SSNIT to offload parts of its amenities without any engagement with stakeholders.

He asserted that NPRA should have not approved this deal because earlier, the  labour union called for halt in the sales of the SSNIT hotels.

As such, Trade Union Congress has directed its members to lay down their tools effective Monday, July 15.

Addressing the media on July 12, Dr Baah said “From Monday 15 of July 2024, all workers in Ghana must not go to work until SSNIT publicly announces the termination of the process for the sale of its shares in the hotels.”

In a statement on Friday, the hotel’s management indicated that “Flowing from all the commentary monitored and the undue negativity that has attended this commentary, we feel you have not done enough to engage all your stakeholders, leading to perceptions that we don’t want to be associated with our brand.”

ALSO READ: NSS Defends Plans to Deploy Personnel to Foreign Countries

“We believe that such negativity is not only injurious to our brand but also jeopardises the success of the investment we intend to make in these hotels.”

On the back of this, Rock City has informed SSNIT “of our decision to withdraw our bid and discontinue our pursuit of this investment opportunity.”

Right after organised labour made the announcement, the Ghana Medical Association (GMA) initiated actions to get its members to lay down their tools starting Monday, July 15.

In a statement, the association said it will start by withdrawing Out Patient Department (OPD) services from July 15 to 17.

This will be followed by emergency services starting July 18 to July 21, 2024.

From  July 22, 2024 the hospitals will see a total withdrawal of all their services.

The Judicial Service Staff Association of Ghana also directed all workers not to report to work from Monday, July 15, 2024, until demands are met by the government led by NPP.

At the press conference today, the Trade Union Congress argued that the sale of SSNIT’s stake to Rock City Hotel was not in the best interest of Ghanaian workers; therefore, SSNIT must terminate the deal.

Share Our Post on the Topic ‘Rock City withdraws bid to purchase 60% SSNIT stake in 4 hotels’.

To Read More Stories, Click Here.