Director General of Social Security and National Insurance Trust (SSNIT), Kwesi Afreh Biney, has announced that it will not sell current assets and facilities of the Trust.

Instead, the organisation plans to revamp and optimize its resources to generate significant returns, he said.

"Watch out for what we would do with our facilities that were to be sold. I can assure you, we will not sell those facilities. We'll turn around those facilities, and we'll have an event to speak to what we plan to do with those facilities."

"We've looked at reviewing our investment portfolio, we've looked at which areas are giving us the best returns, and we are beginning to channel our resources into areas that give us the best returns," Mr. Biney told the media at the opening of its new branch, located on the Spintex Road in Accra.

Mr Kwesi Afreh Biney is certain that the decision to retain and revitalize its assets is part of a broader effort to improve the Trust's financial performance.

He also revealed plans to launch a virtual office in the third quarter of 2025. This forms part of efforts to increase accessibility and enrollment into the scheme.

The new office, which is located at Takyi Plaza on the Spintex Road, is the Trust’s 52nd branch in the country. It is expected to serve the rapidly growing communities on the Spintex Road.

This is a significant shift in its investment strategy, reassuring stakeholders of value for money after the Trust suffered a backlash for its decision to sell its stake in Labadi Beach Hotel and some other hotels it described as non-performing assets in 2024.

In May 2024, Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, lodged a formal petition with the Commission on Human Rights and Administrative Justice (CHRAJ) to investigate allegations surrounding the sale of six hotels namely, Labadi Beach Hotel, La Palm Royal Beach Resort, Elmina Beach Resort, Ridge Royal Hotel, Busua Beach Resort, and the Trust Lodge Hotel.

The Trust decided to sell a 60% stake in its hotels to Rock City Hotel owned by the Food and Agriculture Minister, Dr Bryan Acheampong. In response, Ghanaians demonstrated peacefully through the streets of Accra, compelling authorities to halt the planned sale.

The then-Minority in Parliament called on former President Akufo-Addo, who was president at the time, to instruct the Social Security and National Insurance Trust (SSNIT) to halt the sale, including several state officials who shared the same sentiments.

Later in July 2024, SSNIT eventually announced that it had halted the sale process following significant opposition from stakeholders. The private investor involved, Brian Acheampong's Rock City Hotel, also withdrew from the transaction.

Former Minister for Employment, Labour Relations, and Pensions Ignatius Baffour Awuah reported that SSNIT’s total assets under management had seen substantial growth, increasing from GHS15.2 billion in December 2016 to GHS71.69 billion by March 2024. This, he said, represented a remarkable 350% increase over a seven-year period.