Business News of Saturday, 11 November 2023
Source: www.ghanaweb.live
2023-11-11SSNIT-owned Labadi Beach Hotel land hijacked by ‘political insiders’ – Bright Simons alleges
Frontage of the Labadi Beach Hotel
Bright Simons, a vice president of IMANI Africa, has alleged that some politicians have hijacked lands belonging to the Labadi Beach Hotel, which is owned by Social Security and National Insurance Trust (SSNIT).
According to him, "political insiders" have encroached on the land of the hotel to the point where only two acres of land is left at the hotel’s
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In a series of posts shared on X on Friday, November 10, 2023, the IMANI vice president added that one of the encroachments is linked to a leader in the NPP.
“Labadi Beach Hotel, built in 1991 by Ghana's biggest gold mine, is Gh's most prestigious 5-star beach resort. Since SSNIT, the state pension fund & 100% owner, took over mgmt, political insiders have hijacked the beachfront leaving the hotel with just 2 acres. SSNIT is helpless.
“One of the beachfront encroachments is connected with a ruling party boss,” Bright Simons wrote.
He also said that information he is privy to indicates that a temporal facility put up for the Year of Return programme in 2019 has been turned into a permanent one.
“Labadi Beach Hotel staff say the facility was meant to be a temporary event location for Year of Return. Now, it permanently blocks hotel residents' view & bellows loud, disturbing, music every weekend,” he added.
View his tweet below:
BAI/NOQ
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