<\/p>\n
The Director General for the Social Security and National Insurance Trust (SSNIT), has insisted that SSNIT Hotels are not profitable.<\/strong><\/p>\n He says the hotels need a strategic investor to help shore up its profit and allow for smooth and easy running of the hotels.<\/p>\n His comments come on the back of North Tongu Member of Parliament\u2019s fight against what he describes as state capture after SSNIT decided to give four of its hotels to Bryan Acheampong and his Rock City Hotel.<\/p>\n The Director-General who was addressing the press said \u201cWe are looking to resolve a problem and do so with the introduction of a strategic investor. We\u2019ve outlined the reasons for consistent losses in almost all of our hotels. I know you are aware that Labadi does not profits but the returns are below par.<\/p>\n They haven\u2019t paid us any dividends with the exception of Labadi. Labadi Beach Resort started paying dividends for the last two years. They haven\u2019t from the inception. We\u2019ve been made to fund capital expenditure, and maintenance expenditure and even SSNIT contributions of the workers. Infact, a group of the hotels cannot afford their auditors fees,\u201dhe said.<\/p>\n