The Technical University Teachers’ Association of Ghana (TUTAG) has called for a complete dissolution of the Social Security and National Insurance Trust (SSNIT) Board.
According to the association, there is a need to allow competent individuals to manage their pensions.
The call by TUTAG comes after SSNIT terminated the intended sale of 60% of shares in some four hotels to Rock City Hotel owned by Agriculture Minister, Bryan Acheampong.
The termination of the sale was announced after Organised Labour decided to embark on a nationwide strike on Monday, July 15.
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“It is the view of members of TUTAG that it is insufficient for SSNIT to merely discontinue the process of selling its 60% shares in the four hotels. We believe that in order to move forward in the right direction on this matter, it would be appropriate for the board to be totally dissolved to allow for more competent individuals who are committed to managing the affairs of our pensions to take over, with labour unions constituting the majority,” TUTAG pointed out in their statement.
TUTAG is also demanding an explanation from the board and mnagement of the National Pensions Regulatory Authority (NPRA) regarding their sudden reversal of halting the process.
“We also demand an explanation from the Board and Management of the National Pensions Regulatory Authority (NPRA) on how they initially disapproved and then miraculously approved such an unfortunate sale within a two-week period after halting the process.”
TUTAG also backed the call by organised labour for a nationwide strike action against SSNIT.
“Following the call by the Trades Union Congress (TUC) on all unions and workers associations in the country to declare a nation-wide indefinite strike to reject the actions of the SSNIT Board of selling 60% of its shares in four hotels, we, the members of the Technical University Teachers’ Association of Ghana (TUTAG) wish to show solidarity with the TUC on this matter.
“We wish to state that in accordance with the procedures outlined in our Constitution and the Labour Act, Act 651 (2003), our membership will begin the processes of taking appropriate actions on the matter to be communicated to the public in due course.”
Find details of the full statement below;