Pressure is intensifying for the resignation or dissolution of the board and management of the Social Security and National Insurance Trust (SSNIT) following the termination of a controversial hotel sale.
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On July 12, 2024, SSNIT announced that it had ceased the sale of a 60% stake in four state-owned hotels to a private investor. This decision came after public outcry over the deal.
Despite the termination, calls for the removal of SSNIT’s current leadership, including Board Chair Madam Elizabeth Ohene and Chief Executive Officer Kofi Bosompem Osafo-Maafo, are growing.
The University Teachers Association of Ghana (UTAG) has called for their immediate resignation, criticizing SSNIT’s initial disregard of public concerns, which they believe eroded trust in the agency’s management of funds.
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Similarly, the Technical University Teachers’ Association of Ghana (TUTAG) is demanding the complete dissolution of SSNIT’s board.
They argue that only new, competent leadership can restore confidence in pension management. TUTAG also seeks an explanation from the National Pensions Regulatory Authority (NPRA) for their conflicting decisions on the sale.
Lawyer and human rights activist Martin Kpebu has echoed these demands, calling for the board’s removal on TV3’s Key Points on July 13.
Public sentiment on social media supports these demands, and Organised Labour has announced a strike starting July 15, 2024, to protest the failed sale.
As pressure mounts, SSNIT and NPRA face increasing scrutiny over their handling of the hotel sale and the management of pension funds.
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