• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 15, 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

SSNIT Hotels Sale: Organized Labour Calls Off Indefinite Strike

July 15, 2024
Evans Junior Owuby Evans Junior Owu
in General News
0
SSNIT Hotels Sale: Organized Labour Calls Off Indefinite Strike

Dr. AnthonyYaw Baah, Secretary General Of the Trades Union Congress (Ghana)

In a significant development, Organized Labour has called off its scheduled indefinite strike action it had initiated today, following the Social Security and National Insurance Trust (SSNIT)’s decision to terminate the sale of 60% of its shares in four prominent hotels.

The leadership of Organized Labour, comprising key figures such as Dr Yaw Baah, Secretary General of the Trades Union Congress (Ghana); Dr Isaac Bampoe Addo, Chairman of the Forum of Public Sector Workers; and Kenneth Koomson, Deputy Secretary General of the Ghana Federation of Labour, in a joint statement communicated the union’s decision to its members.

“On Friday, 12th July 2024, Organised Labour called on all workers to join an indefinite strike action starting from today, Monday, 15th July 2024 to back its demand for the termination of the process towards the sale of 60% of SSNIT’s shares in the four hotels.

“In a letter dated 12th July 2024 (Ref: BC/12/07/2024) SSNIT informed Organised Labour that it has terminated the sale of 60% of its stake in the hotels. At an emergency meeting held today, Monday, 15th July 2024, Organised Labour has decided to call off the strike. All workers are requested to resume work on Tuesday, 16th July 2024”.

Leadership of Organized Labour

The statement expressed Organized Labour’s satisfaction with the swift decision by the Social Security and National Insurance Trust to address its concerns.

RelatedPosts

President Mahama’s Fuel Cuts Signal Real Public Savings

Oforikrom MP Questions Interior Minister’s Response to Rerun Violence

Ghana Secures $117.1 Million Boost for Basic Education Reforms 

However, the statement pointed out that the decision by the Social Security and National Insurance Trust to terminate the entire process for the sale of four hotels is just a step towards resolving the broader issues related to the management of its pensions.

Calls for Comprehensive and Extensive Engagement

Organized Labour thus issued a one-month ultimatum to the Social Security and National Insurance Trust, demanding comprehensive engagement to address all outstanding issues regarding the management of workers’ pensions.

The statement indicated that while the immediate threat has been averted, Organized Labour is expecting the Social Security and National Insurance Trust to engage with the union meaningfully to address its concerns.

Kofi Bosompem Osafo Maafo 1
Kofi Bosompem Osafo-Maafo, the Director-General SSNIT

The statement further admonished that if under any unlikely event, the Social Security and National Insurance Trust fail to comply with Organized Labour’s one-month ultimatum, the union would be compelled to take further action.

As workers prepare to resume their duties on Tuesday, July 16, 2024, the leadership of Organized Labour assured its members of their unwavering commitment to advocate for the interest of its members across the country.

The statement expressed the union’s appreciation and gratitude to all the working people of Ghana for their unwavering support and solidarity since the announcement of its strike action.

It emphasized that Organized Labour’s struggle and commitment to better pension management is far from over, underscoring the importance of oneness and cooperation to achieve the goals of Organized Labour.

In an earlier statement, the Member of Parliament for North Tongu Constituency, Honorable Samuel Okudzeto Ablakwa condemned the actions of the government, particularly the leadership of SSNIT regarding the sale of four hotels belonging to SSNIT and called for immediate measures to address the concerns of the striking workers.

The National Democratic Congress legislator, in a scathing critique, underscored the deep frustrations felt by many Ghanaians and highlighted what he sees as systemic issues of state capture and governmental mismanagement under the New Patriotic Party administration led by President Akufo-Addo.

In emphasizing his call for action, the Ranking Member of the Foreign Affairs Committee of Parliament, Honorable Ablakwa called for the immediate dissolution of the board and management of the Social Security and National Insurance Trust (SSNIT) and the National Pensions Regulatory Authority (NPRA)

READ ALSO: Minority Blocks Ewoyaa Bauxite and Lithium Agreement: A Parliamentary Standoff

Tags: Dr Isaac Bampoe AddoDr Yaw BaahForum of Public Sector WorkersGhana Federation of LabourKenneth KoomsonOrganized LaborSSNIT Hotel SaleTrades Union Congress (TUC)
Please login to join discussion
Previous Post

Global Immunization Coverage Stalls, Millions of Children Remain Vulnerable

Next Post

Kallas Resigns From Prime Ministerial Role

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Patrick Mensah Appointed MD of Bogoso Prestea Mine
Extractives/Energy

Patrick Mensah Appointed MD of Bogoso Prestea Mine

July 15, 2025
Auditor-General Uncovers Massive Unapproved Spending, Contractual Lapses at ECG
Extractives/Energy

Auditor-General Uncovers Massive Unapproved Spending, Contractual Lapses at ECG

July 15, 2025
Fuel cuts by Mahama, a good move.
General News

President Mahama’s Fuel Cuts Signal Real Public Savings

July 15, 2025
Senegal Hit With Downgrade Over Soaring Debt Levels
Africa

Senegal Hit With Downgrade Over Soaring Debt Levels

July 15, 2025
Baba Fryo Warns Musicians on Marriage
Entertainment

Baba Fryo Warns Musicians on Marriage

July 15, 2025
BoG Surrenders to CryptoCurrency Reality
Banking

BoG Surrenders to CryptoCurrency Reality

July 15, 2025
Patrick Mensah Appointed MD of Bogoso Prestea Mine
Extractives/Energy

Patrick Mensah Appointed MD of Bogoso Prestea Mine

by Stephen M.CJuly 15, 2025
Auditor-General Uncovers Massive Unapproved Spending, Contractual Lapses at ECG
Extractives/Energy

Auditor-General Uncovers Massive Unapproved Spending, Contractual Lapses at ECG

by Evans Junior OwuJuly 15, 2025
Fuel cuts by Mahama, a good move.
General News

President Mahama’s Fuel Cuts Signal Real Public Savings

by Lilian AhedorJuly 15, 2025
Senegal Hit With Downgrade Over Soaring Debt Levels
Africa

Senegal Hit With Downgrade Over Soaring Debt Levels

by Lawrence AnkutseJuly 15, 2025
Baba Fryo Warns Musicians on Marriage
Entertainment

Baba Fryo Warns Musicians on Marriage

by Esther Korantemaa OffeiJuly 15, 2025
BoG Surrenders to CryptoCurrency Reality
Banking

BoG Surrenders to CryptoCurrency Reality

by Stephen M.CJuly 15, 2025
Patrick Mensah Appointed MD of Bogoso Prestea Mine
Auditor-General Uncovers Massive Unapproved Spending, Contractual Lapses at ECG
Fuel cuts by Mahama, a good move.
Senegal Hit With Downgrade Over Soaring Debt Levels
Baba Fryo Warns Musicians on Marriage
BoG Surrenders to CryptoCurrency Reality
[/vc_row_inner]

Recent News

  • Patrick Mensah Appointed MD of Bogoso Prestea Mine
  • Auditor-General Uncovers Massive Unapproved Spending, Contractual Lapses at ECG
  • President Mahama’s Fuel Cuts Signal Real Public Savings
  • Senegal Hit With Downgrade Over Soaring Debt Levels
  • Baba Fryo Warns Musicians on Marriage
The Vaultz News

Copyright © 2021 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 © 2021 The Vaultz News. All rights reserved.