Richard Ahiagbah, Director of Communications of the ruling New Patriotic Party (NPP), has expressed his concern regarding the lasting effects of SSNIT’s decision to cancel its strategic investment plan.
The plan involved divesting a 60% stake in four hotels to a private investor.
On July 12, SSNIT announced that the sale to Rock City Hotel had been called off.
In a social media post on X, Mr Ahiagbah, acknowledged the success of organized labour and advocates in halting the sale of a 60% stake in five SSNIT hotels. He described their opposition as a “clear message” that has prevailed.
However, Mr. Ahiagbah cautioned against celebrating too quickly. His concern is that the decision sets a precedent for future interference in public offerings based on political affiliations. This, he argues, could be detrimental to corporate governance, market confidence, and overall economic stability.
Mr. Ahiagbah compared the situation to respecting a referee’s decision in football, emphasizing the need to accept democratic processes even when the outcome is unfavourable.
While acknowledging the concerns of workers, he stressed the importance of not hindering legitimate corporate decisions.
