SSNIT Justifies Sale of Labadi, La Palm, and two other hotels to Agric Minister’s Rock City

The Social Security and National Insurance Trust (SSNIT) says Rock City Hotel owned by Bryan Acheampong offered the best for the 60% stake in its hotels.

This comes on the back of North Tongu Member of Parliament, Okudzeto Ablakwa, petitioning the Commission on Human Rights and Administrative Justice (CHRAJ) to probe the sale of six hotels including Labadi Beach Hotel, La Palm Royal Beach Resort, Elmina Beach Resort, Ridge Royal Hotel, Busua Beach Resort, and the Trust Lodge Hotel to Bryan Acheampong.

However, SSNIT in a response indicated that based on its criteria set out for the sale, Rocky City submitted the best among the proposals.

“Based on the criteria set out in the RFP, Rock City Hotel submitted the best and strongest technical and financial proposal amongst those received. Consequently, it is in negotiation with SSNIT to buy a 60% stake in each of the four (4) hotels (Labadi Beach Hotel, La Palm Royal Beach Resort, Ridge Royal Hotel and Elmina Beach Resort).

“Bids for Busua Beach Resort and the Trust Lodge were considered to be unsuccessful so they are no longer part of the hotels covered in this process,” the statement explained.

Source: Ghana/Starrfm.com.gh/103.5FM

Rock City Hotels LimitedSSNIT