• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

NPRA Approves SSNIT’s Sale Of Hotel Assets To Bryan Acheampong’s Rock City Hotel

1 year ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
117
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

NPRA Approves SSNIT’s Sale Of Hotel Assets To Bryan Acheampong’s Rock City Hotel

The Minister for Employment, Labour Relations, and Pensions, Ignatius Baffuor Awuah, has informed Parliament that the National Pensions Regulatory Authority (NPRA) has given the Social Security and National Insurance Trust (SSNIT) the green light to proceed with the sale of four hotels to Bryan Acheampong’s Rock City Hotel.

Initially, the NPRA had halted the transaction due to significant public opposition, seeking detailed information about the sale.

However, during a parliamentary session on Thursday, July 11, the Minister elaborated that the NPRA has now reviewed the sale process and is satisfied for SSNIT to continue.

“I can tell you on authority that NPRA has since indicated that they had seen the processes and they think that SSNIT can go ahead,” he told the House.

He clarified that SSNIT’s decision to sell a 60% stake in the hotels is part of a broader strategy to enhance investment performance and aligns with the primary goal of providing pensions and related benefits to Ghanaian workers.

Mr. Awuah further emphasized that SSNIT is actively rebalancing its investment portfolio, increasing investments in fixed income, reducing equity exposure, and restructuring non-performing assets to meet its objectives.

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

“The primary goal of the scheme is to provide monthly pensions and related benefits to workers in Ghana ensuring their retirement income security. SSNIT’s decision to digress is also supported by its funding and investment objectives,” he added.

The approval by NPRA for SSNIT to go ahead with the sale of its stake in the four hotels is despite sections of the public and civil society organizations showing their opposition and disapproval of the transaction between SSNIT and Rock City Hotel.

 

Tags: NPRANPRA Clears Path for SSNIT's 60% stake in hotels to Rock CityRock City HotelSSNIT
No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.