The Social Security and National Insurance Trust (SSNIT) has firmly dismissed claims that it is selling its hotel investments. Reports circulating on social media and in some media outlets described as “false, misleading, and without basis” are untrue. SSNIT issued a statement on Thursday, May 22, 2026, to address these concerns.
These advertisements were not invitations to buy SSNIT’s hotels. Instead, SSNIT sought qualified consulting firms. These firms will provide professional advisory services for Golden Beach Hotels Limited. This company manages the La Palm Royal Beach Resort, Elmina Beach Resort, and Busua Beach Resort. The consultants will assess operations and suggest ways to improve performance. They will also create a five-year business plan. This plan aims to boost competitiveness and profitability.
This initiative fits into SSNIT’s broader strategy for managing its diverse portfolio. SSNIT manages a large portion of Ghana’s pension funds. Its investments aim to provide long-term returns for contributors. Data from SSNIT showed its assets reached over GHS 25 billion by the end of 2025. This clarification comes as the Trust works to enhance the value of its assets.
SSNIT explained that the consultancy engagement is a strategy to improve business. It is focused on enhancing operational performance and preserving value. It is not a divestment process. Management reassured contributors and pensioners that Labadi Beach Hotel remains a strong investment. It is a key strategic asset within SSNIT’s portfolio.
The Trust is actively supporting expansion and growth at Labadi Beach Hotel. This effort aims to increase its long-term value. SSNIT is dedicated to protecting contributors’ funds. It makes prudent investment decisions focused on sustainability and long-term value. The public should ignore rumours about hotel sales. SSNIT remains committed to the pension scheme’s long-term health.