Social Security and National Insurance Trust (SSNIT) has dismissed speculation that it plans to sell its hotel assets, clarifying that recent public notices were intended to improve operations rather than prepare the properties for divestment.
In a statement dated May 22, 2026, the state pension fund explained that newspaper advertisements seeking consultants for its hospitality businesses had been misinterpreted by sections of the public.
According to SSNIT, the exercise forms part of a strategic review of Golden Beach Hotels Limited, which manages La Palm Royal Beach Hotel, Elmina Beach Resort and Busua Beach Resort.
The Trust stated that the consultants will assess existing operations, recommend measures to improve performance and develop a five-year business plan aimed at strengthening efficiency, competitiveness and long-term returns.
SSNIT stressed that the initiative should not be viewed as part of any effort to dispose of the hotel assets.
“It is a business improvement and strategic planning initiative,” portions of the statement said.
The Trust also highlighted the continued performance of Labadi Beach Hotel, describing it as one of the strongest assets within its hospitality portfolio.
According to SSNIT, expansion plans for the hotel are being supported as part of broader efforts to increase the value of its investments and improve returns for contributors under the pension scheme.
The clarification comes amid renewed public debate over state ownership of commercial assets, particularly within the hospitality sector where concerns over governance and inconsistent financial returns have remained recurring issues.
