SSNIT valued 4 hotels at US$121m yet agreed to Rock City's US$61m deal - Ablakwa cites memos
This article is closed for comments.
This article is closed for comments.
Copyright © 1994 - 2025 GhanaWeb. All rights reserved.
LGBTQ is part of Ghanaian culture and values.
Is there any difference between pirates and buccaneers of old who robbed merchant ships on the high seas and the gangsters in government now?
What name would you give to The Ahwois,Huudu Yahya,Nana Konadu Rawlings,Iddrissu Mahama,Dan Abodakpi,Ibrahim Adams etc who bought state properties/land for free?
Hw3 nè kwasia bebrebe... @Nana!!!!!!! So, your criminal octogenarian was deceiving those neutral voters who believed him when he said he was coming to build our nation for them. Kromfuor gyimifuor bi ba
Stupid!! Is rock city bulking the ssnit hotels or investing in them???
*buying
This shows that you are a emotionally failed person.
@Nana
Somebody is ready to pay 121 million dollars for your property but you decide to accept half of the offer from a second person. Which part of this criminal deal that you don’t understand? Can you now figure out why ...
read full comment
Rubbish. Nobody was prepared to pay the so called $121 million valuation amount.
Aw, why is Nana failing some of us. Nana, are you stupid, croked or both?
nana, are you an idiot?
Pillagers from the create loot and share brigade.
Ablakwa Okudjeto enough of your nonsense allow SSNIT to do what is good for them you're not knowledgeable than them.Is Ablakwa a contributor of SSNIT bcoz I know he's not worked b4?
Listen to another stupid tribalistic idiotic African worshipping and defending and clapping for thieves and hyenas masquerading as politicians. Are you aware that your poverty stricken ghetto life is the result of such naked ...
read full comment
I am waiting for the E-Gate scandalous expose.
Have you ever seen a sensible person supporting a drunkard to be his President?Thank God I'm not poverty stricken living in a ghetto to pick a CRIMINAL like JDM to be my President.
@Ruthan kwasia... but you are ready, and fully prepared to follow that mentally-retarded imbecile from Kyebi who could manage to spend a whopping amount of $58 million dollars just to dig an empty hole in the ground and call ...
read full comment
@Ruthan:
Is it pure ignorance or sheer stupidity? Which part of this criminal deal that you don’t understand? If it were your private property, would you choose to accept 61 million rather than 121 million?
Mr. Kikironda, I enjoyed reading your comments. You said it all. Some people are very tribalism and don't even think about how the country is going down. How can you defend this criminal Bryan Acheampong.
Airbus
Is his salary as an MP not subject to SSNIT deduction??am only asking bse I don't know.pls
But more than you? your father is not a pensioner may be that's why you talk like this.
ruthan, are you an idiot?
NONSENSE. IS IT THE VALUATION PRICE THAT THE BUYER IS FORCED TO ACCEPT. DO YOU JUST VALUE YOUR HOUSE AT 20 MILLION AND YOU GET A BUYER FOR 20 MILLION? WHAT IS ALL THIS NONSENSE MISCHIEF, OKJTO? ARE YOU SERVING OUR VOTERS AT ...
read full comment
Stop yelling in cyberspace you dumb cretin.
Go take shower inside your cathedral pit holes of hell.
Ofui
Y'akye mo wae. NPP akromfuor nkwasiafuor aban.............
For a hotel that has 90% occupancy rate, there should no desperation to sell it at 50% of its value price.
Quite surprised Ghanaian citizens are defending this. SSNIT is going bankrupt because of some of these and we shou ...
read full comment
How you price your product is not exactly how you're gonna get on the market. The issue is, was Rock City's offer the highest bid or not? Do they have the competency to manage the hotels or not? These are the issues we need t ...
read full comment
There are trained professionals that do these valuations. The valuation was not done by SSNIT.
It is on record that e.g La beach hotel is more profitable than Rock City.
Nobody is even going to entertain that fixed pricing coming from kromfuorhene Yaw Osafo-Maafo. Even if you offer $300 million dollars today, it would not be sold to you. Go and buy land and build your own hotels and run.
Okudjato has never worked and therefore doesn't understand business, please stay away from your stupidity, you and Martin Kpebu. The value is $10 so l should pay , $10?
You see how stupid you're. Idiots like you are the reason clowns are elected into office to loot and impoverish the citizens. If my house is valued a $1, why would I sell it less than $1? Even an idiot like you will not do th ...
read full comment
@Kofi. What a creature ! These people have beggared you and yours for decades to come and you still applaud them ! Is it stupidity or what ?
They know no shame, including the president. He sold his father's estates for politics, now he selling national assets at age 81 years plus. He was broke before he entered into office. Now he must mortgage Ghana's assets to h ...
read full comment
But Bryan is buying only 60% of the shares and not 100%. The whole hotel must be valued in whole before the shares are valued Bryan managed to purchase 60%
We help secure your perimeter with modern ELECTRIC FENCE SYSTEMS that supports alarm system and backup battery system. We sell and install ELECTRIC FENCE SYSTEMS & CCTV CAMERAS. Call us today. 0501796870 for more info. jkhjk ...
read full comment
Ghana needs a young. visionary to lead the country .
My God,politics in Ghana has turned a cook in the American army into a dollar multimillionaire .No wonder politics in Ghana now is a 'chop,chop' profession
.
SSNIT is divesting 60% not 100% shares to a strategic investor. Such empty heads was once a deputy minister and an MP.
Ablakwa should tell us the other offers since he aims to know all about this deal. Who offered what? If Rock City offer is below the lower limit or not , that is their offer. Tell us the better other offers on the table that ...
read full comment
Don’t take patience of Ghanaians for granted. What happened in South Africa elections will surely happen in Ghana in December Elections.
Even holiday Inn was 180 million dollars. What are you guys saying for the four hotels?? JESUS CHRIST!!!!!! HERHHHH!!!! NO this is pure criminal
MR. AKOTO, YOU ARE RIGHT ABOUT YOUR COMMENTS
Where La Palm alone, Holiday Inn can enter it 12 times, not to talk about the prime nature of its beach and goodwill, yes good will for lapalm alone. In fact firing Square must be brought back when this country is rescued ...
read full comment
The authorities at SSNIT with the coniviance of the Government do not care about the welfare of the poor pensioners who own SSNIT. Why do you want to sell viable organizations to your cronies I suggest a review of the board a ...
read full comment
What do you mean is not a business,? Companies worth over hundred million dollars are even sold for ten million dollars to avoid losses.
There is nothing strategic about a country owing hotels so Ablakwa should stop the nonsense. Private people can do it better. SSNIT should be transparent and publish the bid evaluation report on the sale
CORRUPTIONHENE AKUFO-ADDO OPERATES A CRIMINAL ENTERPRISE OUT OF JULOR HOUSE.
The elephant-riding thieving nation-wreckers came into Julor House with the sole intent of looting the people of Ghana to the bone. They loot Gha ...
read full comment
Let the people who own these hotels, hardworking people of Ghana whose SSNIT contributions we are talking about decide, not politicians and their puppets.
At the end of the day it is the workers of this country investment to ...
read full comment