The management of the Social Security and National Insurance Trust (SSNIT) has decided to sell 60% of its stake in six hotels to a private investor, Bryan Acheampong. The sale is intended to raise capital for investment in the hotels and assist in their management. The decision comes after a petition by North Tongu MP, Samuel Okudzeto Ablakwa, to investigate and stop the sale, citing allegations of conflict of interest, abuse of power, lack of due process, procurement breaches, cronyism, and graft. SSNIT clarified that the bid by Rock City Hotel, owned by Bryan Acheampong, was successful for four of the 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 unsuccessful. The process of finding a strategic investor is in its final stages and SSNIT will cooperate fully with the Commission on Human Rights and Administrative Justice (CHRAJ) throughout its investigation process. [cc0aef9f]