The recent decision by the Social Security and National Insurance Trust (SSNIT) to cancel the sale of a 60% stake in four hotels to a private investor has raised concerns among stakeholders, including the Communication Director of the governing New Patriotic Party (NPP), Richard Ahiagbah.
The cancellation of the strategic investment decision came after Rock City Hotel, owned by the Food and Agric Minister, Bryan Acheampong, expressed a lack of interest in the transaction due to stakeholder disapproval. This move occurred amidst threats of a nationwide strike from Organised Labour, scheduled to begin on July 15.
In response to the situation, Richard Ahiagbah took to social media to acknowledge the influence of organised labour in the decision, showing empathy towards the workers’ concerns. However, he also highlighted the potential risks to corporate governance, market trust, and overall stability that could arise from obstructing a lawful corporate decision.
Expressing the need for careful consideration of the long-term implications of such actions, Mr. Ahiagbah emphasized the importance of respecting democratic processes and abiding by legitimate corporate decisions. While acknowledging the power of organised labour in advocating for their interests, he cautioned against setting a precedent for future interference in public offerings based on political affiliations.
As the debate continues surrounding the SSNIT hotels sale and the involvement of various stakeholders, including Organised Labour, the NPP Communications Director’s remarks serve as a reminder of the delicate balance between workers’ rights and corporate governance.
