Rock City Hotel has withdrawn its bid to purchase the 60 percent shares of some four Hotels owned by the Social Security and National Insurance Trust (SSNIT).
The hotels include La Palm Beach Hotel, Labadi Beach Hotel, Royal Ridge Hotel and Elimina Beach Hotel.
The decision to withdraw the bid comes after Organised Labour threatened to embark on a strike on Monday, July 15 if SSNIT proceeds with the decision to sell the Hotels to Rock City Hotel owned by Agriculture Minister Bryan Acheampong.
In a letter addressed to the Director-General of SSNIT, Mr. Kofi Osafo-Maafo, Rock City Hotel expressed their disappointment at the lack of stakeholder engagement, which they believe has led to the negativity surrounding their bid.
They have therefore decided to discontinue their pursuit of this investment opportunity in the hotels.
In a move promoting transparency and accountability, Rock City Hotel has consented to the release of all or parts of their bid documents for public scrutiny or publication if necessary.
The former General Manager of Akonta Mining Limited, Mr. Edward Akuoko, has made startling revelations… Read More
The Office of the Special Prosecutor (OSP) has seized and frozen assets valued at more… Read More
The Member of Parliament for Salaga South, Hon. Zuwera Mohammed lbrahimah, has commended the Minority… Read More
The former General Manager of Akonta Mining Company Limited, Edward Akwasi Akuoko, has admitted that… Read More
The Member of Parliament for Akim Swedru, Kennedy Osei Nyarko, has advised his colleague, Kwame… Read More
The University Teachers Association of Ghana (UTAG) has strongly condemned the attack on the National… Read More