Source: newsthemegh.com
The North Tongu Member of Parliament, Hon. Samuel Okudzeto Ablakwa, has revealed that Ghana is paying a whopping US$491,986.00 (GHS7.1 million at the current exchange rate) to the Transaction Advisor for SSNIT’s sale of a 60% stake in its six hotels.
He claims that since selling strategic state assets is expensive, it must be stopped right away.
According to Okudzeto Ablakwa, there was a conflict of interest when SSNIT chose Bryan Acheampong’s Rock City.
Since then, he has brought the matter to the attention of the Commission on Human Rights and Administrative Justice (CHRAJ), requesting that the procurement procedure be looked into among other things.
The six hotels that SSNIT plans to offer Rock City a 60% stake in include
1) Labadi Beach Hotel (5-Star/164 Rooms)
2) La Palm Royal Beach Resort (4-Star/152 Rooms)
3) Elmina Beach Resort (3-Star/100 Rooms)
4) Ridge Royal Hotel (3-Star/79 Rooms)
5) Busua Beach Resort (3-Star/62 Rooms)
6) Trust Lodge Hotel (Purpose-Built-Hospitality-Block/10 Rooms)
“I can now disclose that SEM Capital served as the Transaction Advisor for SSNIT’s sale of a 60% interest in its hotels to Bryan Acheampong’s Rock City, in an effort to achieve complete transparency and accountability.”
“Ghanaian workers are paying SEM Capital a whopping US$491,986.00 (GHS7.1 million at the current currency rate) for their advice on a deal that the vast majority of them oppose.”
“Since selling vital state assets is not inexpensive, we maintain that SSNIT ought to have held extensive consultations beforehand.” he stated.