Ghana’s state pension fund, the Social Security and National Insurance Trust (SSNIT), has denied speculation that it plans to sell its hotel assets, saying recent public notices were aimed at improving operations rather than preparing properties for divestment.
In a statement dated 22nd May 2026, SSNIT said newspaper advertisements seeking consultants for its hospitality businesses had been misunderstood. The Trust said the exercise forms part of a strategic review of Golden Beach Hotels Limited, which manages La Palm Royal Beach Resort, Elmina Beach Resort and Busua Beach Resort.
According to SSNIT, the consultants will assess operations, recommend measures to improve performance and develop a five year business plan to strengthen efficiency, competitiveness and long term returns.
The Trust stressed that the process should not be seen as part of any attempt to dispose of hotel assets.
“It is a business improvement and strategic planning initiative,” the statement said.
SSNIT also highlighted the continued performance of Labadi Beach Hotel, describing it as one of the strongest assets within its hospitality portfolio.
The fund said it is supporting expansion plans for the hotel as part of efforts to increase value from its investments and improve returns to contributors under the pension scheme.
The clarification follows renewed public debate over state ownership of commercial assets, particularly in the hospitality sector where concerns over governance and inconsistent returns have remained a recurring issue.
In a statement dated 22nd May 2026, SSNIT said newspaper advertisements seeking consultants for its hospitality businesses had been misunderstood. The Trust said the exercise forms part of a strategic review of Golden Beach Hotels Limited, which manages La Palm Royal Beach Resort, Elmina Beach Resort and Busua Beach Resort.
According to SSNIT, the consultants will assess operations, recommend measures to improve performance and develop a five year business plan to strengthen efficiency, competitiveness and long term returns.
The Trust stressed that the process should not be seen as part of any attempt to dispose of hotel assets.
“It is a business improvement and strategic planning initiative,” the statement said.
SSNIT also highlighted the continued performance of Labadi Beach Hotel, describing it as one of the strongest assets within its hospitality portfolio.
The fund said it is supporting expansion plans for the hotel as part of efforts to increase value from its investments and improve returns to contributors under the pension scheme.
The clarification follows renewed public debate over state ownership of commercial assets, particularly in the hospitality sector where concerns over governance and inconsistent returns have remained a recurring issue.
Story by By Martha Seyram Jackson || Metro Digital
Source: MetroTV
