Samuel Okudzeto Ablakwa
Thu, 30 May 2024
Source: Joy News
North Tongu MP, Samuel Okudzeto Ablakwa has opposed the sale of Labadi Beach Hotel's stake to Rock City Hotel, arguing that Labadi's financials prove its sustainability without the sale.
Labadi's records showed substantial cash reserves and profitability thereby rendering the sale unnecessary.
Ablakwa questioned why SSNIT would sell to Bryan Acheampong, and highlighted Labadi's superior financial standing compared to Rock City.
He criticized public officials buying state assets and called for reconsideration of the deal. S
SNIT defended the sale, citing Rock City's superior financial offer. Ablakwa's revelations add to concerns about transparency and asset protection.
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Source: Joy News