• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, October 22, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Acheampong Refutes Rumors Of Rock City’s Financial Struggles

Lilian Ahedorby Lilian Ahedor
June 19, 2024
Reading Time: 4 mins read
Lilian Ahedorby Lilian Ahedor
in General News
0
Expert Explains Conflict of Interest Dynamics Amidst SSNIT Incident

Samuel Okudzeto Ablakwa, Bryan Acheampong

Bryan Acheampong, the Minister for Food and Agriculture, has categorically denied rumors that his hotel, Rock City, is struggling financially, refuting claims of any losses.

The response is a counterattack to the allegations made by Samuel Okudzeto Ablakwa, the Member of Parliament for North Tongu, who had claimed that the hotel was operating at a loss and boasted that he possessed documents to substantiate his assertion.

Dr. Acheampong vehemently dismissed the North Tongu MP’s claims as baseless, misleading, and malicious, decrying the unfounded and dishonest allegations.

RelatedPosts

Big Push: Mahama Cuts Sod for 73.6km Cape Coast–Takoradi Dual Carriageway, Pledges Rapid Completion 

Minority Leader Condemns Dismissals and Erosion of Rule of Law As Parliament Resumes 

Speaker Bagbin Swears in Two Members of Parliament

Dr. Acheampong threw down the gauntlet, questioning the credibility of Hon. Ablakwa’s sources and boldly demanding that he produce concrete evidence and reveal the documents behind his claims.

“Rock City is not making losses. There is no one anywhere who can say that Rock City is making losses. I saw Okudzeto and Sammy Gyamfi in the studio exaggerating. Okudzeto was in smock exaggerating that Rock City is making losses and that he has intercepted documents from GRA.”

“He has not intercepted any documents. All he is saying are lies. There is nothing truthful about what Okudzeto said concerning that matter. In the first place, Rock City has informed me, and I have checked with the GRA that they have not filed their 2023 taxes”.

Bryan Acheampong

He pointed out that Rock City Hotel has not yet submitted its tax returns, and since the deadline is not until the end of the month (June), it has not even been required to file with the Ghana Revenue Authority (GRA) yet, contrary to Ablakwa’s insinuations.

He challenged the authenticity of Ablakwa’s claims, demanding to know the source of his information, and categorically denounced Ablakwa’s statements as complete fabrications and absolute lies.

ADVERTISEMENT

Ahiagbah Challenges Ablakwa To Provide Evidence

Meanwhile, the New Patriotic Party’s (NPP) Director of Communications, Richard Ahiagbah, challenged Samuel Okudzeto Ablakwa to provide evidence of any procurement irregularities or breaches in the sale of SSNIT’s hotels to Bryan Acheampong, the Minister of Agriculture.

Richard Ahiagba National Communications Director NPP
Richard Ahiagba, National Communications Director- NPP

He warned Hon. Ablakwa to cease making unfounded accusations that damage Ghana’s reputation, and instead, produce concrete evidence of procurement violations or refrain from making harmful claims.

“The Ablakwa-led NDC’s interference in a properly conducted international competitive tender sends a negative message to the world that corporate governance and the rule of law processes in Ghana are unreliable.

“Hon. Okudzeto Ablakwa and the NDC must either demonstrate if the procurement processes were manipulated for Rock City or refrain from tarnishing Ghana’s hard-earned reputation as a rule of law investment destination”.

Richard Ahiagbah

Ahiagbah claimed that no conflict of interest was present in the sale of the hotels involving Bryan Acheampong, a transaction that Ablakwa has petitioned the Commission on Human Rights and Administrative Justice (CHRAJ) to investigate.

Ahiagbah emphasized that the key issue at hand is whether SSNIT or any state institution can operate independently and fulfill its mandate without undue influence or interference.

“Hon. Ablakwa’s concern with the hotel transaction is that SSNIT, as an independent institution, should not be allowed to pursue the outcome of the procurement process to offload its shares in the stated hotels because Rock City, which belongs to Bryan Acheampong, won the bid”.

Richard Ahiagbah

He pointed out that, according to the records released by SSNIT, the processes leading to the settlement of Rock City have been transparent and in compliance with regulations.

However, he argued that the bid awarded to Rock City, a company owned by Bryan Acheampong, the Minister for Food and Agriculture, Hon. Ablakwa is of the view that it should be revoked, regardless of the consequences.

“So, what if another company had won the bid, would Hon. Ablakwa have accepted that outcome?” – Richard Ahiagbah

READ ALSO: Violence In West Bank Overshadowed By Onslaught In Gaza

Tags: Bryan AcheampongeconomyHon. Samuel Okudzeto AblakwaRichard AhiagbahRock City HotelSSNIT Hotel Sale
Please login to join discussion
Previous Post

Ramaphosa Sworn-in As President of South Africa

Next Post

Fidelity Bank Collaborates with HBS for FIELD Global Immersion Project

Subscription Form

Related Posts

President John Dramani Mahama
General News

Big Push: Mahama Cuts Sod for 73.6km Cape Coast–Takoradi Dual Carriageway, Pledges Rapid Completion 

October 22, 2025
Haruna Iddrisu Champions Collaboration, Advocates UDS Bill at Conference
General News

Minority Leader Condemns Dismissals and Erosion of Rule of Law As Parliament Resumes 

October 21, 2025
Speaker Bagbin Swears in Two Members of Parliament
General News

Speaker Bagbin Swears in Two Members of Parliament

October 21, 2025
President John Dramani Mahama , inspecting work on the rehabilitation of the Effia-Nkwanta Hospital into a Teching Hospital
General News

Mahama Inspects Effia-Nkwanta and Western Regional Hospitals, Assures of Timely Completion

October 22, 2025
Former Lands Minister Criticizes Government’s Approach to Curbing Illegal Mining
General News

AG, OSP Must Work in Harmony to Ensure Justice — Inusah Fuseini

October 21, 2025
President Mahama Defended in CJ’s Petition
General News

Deputy Communication Minister Warns of Fake Accounts Fueling Bawku Violence, Rejects State of Emergency

October 21, 2025
President John Dramani Mahama
General News

Big Push: Mahama Cuts Sod for 73.6km Cape Coast–Takoradi Dual Carriageway, Pledges Rapid Completion 

by evansjrOctober 22, 2025
A member of a forensic team inspects a window believed to have been used in a robbery at the Louvre Museum in Paris, France, on October 19, 2025.
Europe

Louvre Heist Losses Estimated Around €88m

by Comfort AmpomaaOctober 21, 2025
Old Mutual Ghana Champions Stakeholder Care with GH¢130K Group Welfare Payout
Insurance

Old Mutual Ghana Champions Stakeholder Care with GH¢130K Group Welfare Payout

by M.COctober 21, 2025
Haruna Iddrisu Champions Collaboration, Advocates UDS Bill at Conference
General News

Minority Leader Condemns Dismissals and Erosion of Rule of Law As Parliament Resumes 

by Silas Kafui AssemOctober 21, 2025
Speaker Bagbin Swears in Two Members of Parliament
General News

Speaker Bagbin Swears in Two Members of Parliament

by Emmanuel Tibila BoasahOctober 21, 2025
24-Hour Economy Cost Underestimated, Sarkodie Bemoans
Economy

24-Hour Economy Cost Underestimated, Sarkodie Bemoans

by Michael Teye-Bio NaduteyOctober 21, 2025
President John Dramani Mahama
A member of a forensic team inspects a window believed to have been used in a robbery at the Louvre Museum in Paris, France, on October 19, 2025.
Old Mutual Ghana Champions Stakeholder Care with GH¢130K Group Welfare Payout
Haruna Iddrisu Champions Collaboration, Advocates UDS Bill at Conference
Speaker Bagbin Swears in Two Members of Parliament
24-Hour Economy Cost Underestimated, Sarkodie Bemoans

Recent News

President John Dramani Mahama

Big Push: Mahama Cuts Sod for 73.6km Cape Coast–Takoradi Dual Carriageway, Pledges Rapid Completion 

October 22, 2025
A member of a forensic team inspects a window believed to have been used in a robbery at the Louvre Museum in Paris, France, on October 19, 2025.

Louvre Heist Losses Estimated Around €88m

October 21, 2025
Old Mutual Ghana Champions Stakeholder Care with GH¢130K Group Welfare Payout

Old Mutual Ghana Champions Stakeholder Care with GH¢130K Group Welfare Payout

October 21, 2025
Haruna Iddrisu Champions Collaboration, Advocates UDS Bill at Conference

Minority Leader Condemns Dismissals and Erosion of Rule of Law As Parliament Resumes 

October 21, 2025
Speaker Bagbin Swears in Two Members of Parliament

Speaker Bagbin Swears in Two Members of Parliament

October 21, 2025
24-Hour Economy Cost Underestimated, Sarkodie Bemoans

24-Hour Economy Cost Underestimated, Sarkodie Bemoans

October 21, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address