\n
A former National Chairman of the\u00a0New Patriotic Party\u00a0(NPP),\u00a0Freddie Blay, has affirmed reports that his son wanted to buy shares of the Social Security and National Insurance Trust (SSNIT) in some hotels advertised in 2022.<\/p>\n
Speaking in an interview on TV3 on June 24, 2024, the former NPP National Chairman stated that his son, a big player in the tourism sector, submitted a bid of not less than 200 million for about 7 SSNIT hotels but his bid was not accepted.<\/p>\n
Even though Blay did not mention the currency denomination for his son\u2019s bid, numerous reports indicated that the bidding was done in United States dollars ($).<\/p>\n
Blay, who is the current Chairman of the Board of the Ghana National Petroleum Company (GNPC), made this revelation while refuting the allegation of state capture by his son, Kwame Blay, who has been accused of illegally acquiring the Labadi beachfront.<\/p>\n
\u201cMy son is about 33, 34 (years old). He\u2019s grown up, and involved in business. I don\u2019t answer questions for him. But that apart, my son, if you care to know, is not just involved in hotels, he is involved in the tourism industry.<\/p>\n
\u201cSSNIT offered to sell several hotels. He wanted a package and my son\u2019s company Spartan (Ives SSA) applied alongside about twelve or so companies. He offered to buy it for over 150 to 200 million with a syndicate of banks supporting him and a well-branded hotel chain,\u201d he said.<\/p>\n
Freddie Blay\u00a0added that \u201cOf course, SSNIT decided that they would rather not give it to my son\u2019s company and give it to another company.\u201d<\/p>\n
Reacting to this, the Member of Parliament (MP) for North Tongu, Samuel Okudzeto Ablakwa, indicated that\u00a0Freddie Blay\u2019s revelation makes nonsense of claims that the 60% shares of four SSNIT hotels were sold to the highest bidder, Rock City Hotel Limited, which belongs to the Minister for Food and Agriculture,\u00a0Bryan Acheampong.<\/p>\n
\u201cWe were told\u00a0Bryan Acheampong\u00a0offered the highest bid of US$61 million; now former NPP Chairman,\u00a0Freddie Blay\u00a0also says his 34-year-old son offered \u2018150 to 200 million\u2019 for the SSNIT hotel,\u201d Ablakwa wrote in a post shared on Facebook on June 25, 2024.<\/p>\n
Source:\u00a0<\/strong>www.ghanaweb.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
A former National Chairman of the\u00a0New Patriotic Party\u00a0(NPP),\u00a0Freddie Blay, has affirmed reports that his son wanted to buy shares of the Social Security and National Insurance Trust (SSNIT) in some hotels advertised in 2022. Speaking in an interview on TV3 on June 24, 2024, the former NPP National Chairman stated that his son, a big […]<\/p>\n","protected":false},"author":1,"featured_media":163182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-193401","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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