Communications Director of the New Patriotic Party (NPP), Richard Ahiagbah, is of the view that forcing SSNIT to cancel the sale of four of its hotels will set a bad precedent.

He believes that this move could harm corporate governance, market confidence, and overall certainty.

Mr Ahiagbah indicated that there was a need to also abide by the outcomes of democratic processes, even if they don’t align with our preferences.

The Communications Director of the New Patriotic Party has called for a deeper reflection on the long-term consequences.

Read his statement below:

The recent halt of SSNIT’s attempt to sell 60% of its shares in the five hotels is a testament to the power of organized labor and advocates. Their unwavering dedication to the sale has prevailed, sending a clear message.

However, while this may seem like a victory worth celebrating, we must also consider the precedent we have set. Are we opening the door to future interference in public offerings based on political affiliations? This could harm corporate governance, market confidence, and overall certainty.

Just as we are bound to respect a referee’s decision in a football game, we must also abide by the outcomes of democratic processes, even if they don’t align with our preferences. While I empathize with the workers’ concerns, we must also consider the implications of impeding a legitimate corporate decision.