The Social Security and National Insurance Trust (SSNIT) has dismissed reports suggesting that it is selling its hotel investments, insisting that claims circulating in sections of the media and on social media are “false, misleading, and without basis”.

In a statement issued on Friday, May 22, 2026, by management, the Trust said it had taken notice of publications alleging that some of its hotel assets were being put up for sale and clarified that no such process was underway.

“SSNIT is not selling any of its hotel investments,” the statement stressed.

According to the Trust, advertisements published in the Ghanaian Times and the Daily Graphic on Tuesday, March 24, 2026, had been misconstrued by some members of the public.

“For the avoidance of doubt, the SSNIT advertisements published in the Ghanaian Times and Daily Graphic on Tuesday, March 24, 2026, were not invitations for the sale of any hotel assets, nor were they advertisements seeking investors or buyers for any of the hotels,” the statement explained.

SSNIT said the advertisements were solely intended to invite qualified consulting firms to provide professional advisory services for Golden Beach Hotels Limited, operators of La Palm Royal Beach Resort, Elmina Beach Resort and Busua Beach Resort.

The Trust stated that the consultants would be tasked with conducting an independent evaluation of the company’s operations and performance, recommending practical turnaround and operational improvement strategies, and developing a comprehensive five-year business plan.

“The engagement is therefore a business improvement and strategic planning exercise intended to enhance operational performance and preserve value, not a divestment process,” management clarified.

SSNIT further underscored the importance of Labadi Beach Hotel within its investment portfolio, describing the facility as one of its flagship hospitality assets.

“Labadi Beach Hotel continues to perform strongly and remains a strategic investment within SSNIT’s portfolio,” the statement noted.

It added that the Trust was actively supporting the hotel’s expansion and growth drive to further improve its long-term value and contribution to the pension scheme.

Management reiterated its commitment to safeguarding contributors’ funds and ensuring prudent investment management.

“SSNIT remains fully committed to safeguarding and prudently managing contributors’ funds,” the statement said, adding that all decisions regarding its hospitality investments were guided by “sound investment principles, rigorous performance evaluation, operational sustainability, and the objective of creating long-term value for contributors and pensioners”.

The Trust urged the public to disregard what it described as false claims regarding the alleged sale of its hotels.

“SSNIT further wishes to assure pensioners, contributors and the public of its commitment to managing the affairs of the Trust prudently for the sustainability of the Pension Scheme,” the statement added.