The Social Security and National Insurance Trust (SSNIT) has denied reports suggesting it is preparing to sell or liquidate its hotel investments, stating that recent media publications and online speculation are based on a misinterpretation of its activities.
In a statement issued on May 22, 2026, the Trust described the claims as “false, misleading, and without basis,” stressing that it is not divesting any of its hospitality assets.
“SSNIT is not selling any of its hotel investments,” the statement said, noting that public advertisements circulated in March had been wrongly interpreted as signals of a divestment process.
The clarification follows concerns triggered by notices published in the Ghanaian Times and Daily Graphic on March 24, 2026, which some commentators linked to a potential sale of state-owned hotel assets. SSNIT said the advertisements were not invitations to purchase assets, nor were they intended to attract buyers or investors.
Instead, the Trust explained that the notices were part of a procurement process to engage technical consultants to support a broader operational and strategic review of its hospitality portfolio, managed under Golden Beach Hotels Limited.
The hospitality assets under the company include La Palm Royal Beach Resort, Elmina Beach Resort, and Busua Beach Resort.
According to SSNIT, the consultants to be engaged are expected to undertake an independent assessment of operations, review performance efficiency, and propose practical turnaround strategies. They are also tasked with developing a five-year business plan aimed at strengthening the long-term sustainability, competitiveness, and profitability of the hotel portfolio.
The Trust emphasised that the exercise is focused on internal restructuring and performance improvement rather than divestment.
Management further assured contributors, pensioners, and the general public that its investment strategy remains anchored on protecting and enhancing asset value. It added that ongoing reforms are intended to improve returns and operational efficiency, not to reduce the Trust’s stake in its hospitality holdings.
SSNIT reiterated its commitment to transparency and responsible management of pension funds, stating that all actions relating to its investments are guided by long-term value preservation and institutional sustainability.
