SSNIT board, management have distinguished themselves, says Osafo-Maafo
The Social Security and National Insurance Trust (SSNIT) over the weekend halted plans to divest itself of 60% stakes in four hotels owned by the Trust
The director general of the Social Security and National Insurance Trust (SSNIT), Kofi Osafo-Maafo, has said the board and management of the institution have performed well.
Over the weekend, SSNIT called a halt to plans to divest itself of 60% stakes in four hotels owned by the Trust.
The hotels in the share sale are La Palm Beach Hotel and the Labadi Beach Hotel in Accra, the Ridge Royal Hotel in Cape Coast and Elmina Beach Hotel.
The move to call off the sale comes barely 24 hours after labour unions declared their intention to embark on a nationwide strike over the sale of the hotels to the Rock City Hotel group, owned by the Minister of Food and Agriculture, Bryan Acheampong.
The Minority in Parliament and the University Teachers Association of Ghana (UTAG) have since called for the board and management of the institution to step down over the decision to sell.
However, reacting to the development on the Asaase Breakfast Show on Monday (15 July), Osafo-Maafo said the management and board have distinguished themselves in managing the institution’s affairs.
“The board and management of SSNIT have improved the performance of SSNIT significantly,” he said. “We have taken significant measures to improve the Trust …
“When we took over, we began to put in measures to really change the face of SSNIT. If we look at the operational side of SSNIT, I think no one can deny that SSNIT is a totally different entity,” Osafo-Maafo said.
“Our processing time for benefits has improved significantly: the times are down to about a third [of the previous waiting time]. We are now more efficient.
“If you look at even our investment business, for the first time I would say we put in the most comprehensive investment guidelines,” Osafo-Maafo said.
Listen to Kofi Osafo-Maafo in the audio clip below:
Reporting by Fred Dzakpata in Accra
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