PPA Ghana

Eoi Name:: Request for Expression of Interest for Investment in SSNIT-owned Hotels in Ghana

Description:: This announcement is neither a prospectus nor an offer or an invitation for sale of shares to the public.

1. BACKGROUND

The Social Security and National Insurance Trust (SSNIT) is a statutory public Trust charged under the National Pensions Act, 2008 Act 766 with the administration of Ghana’s Basic National Social Security Scheme. SSNIT is the largest non-bank financial institution in Ghana and holds a diversified portfolio of investments. This includes ownership of six hotels located along the coast of Ghana.

2. INVESTMENT PROPOSAL

SSNIT’s objective is to develop its owned hotels into world class standard in their respective categories and is therefore seeking capital injection from competent strategic investors with expertise in owning and managing hotels and/or development of real estate to finance these developments. SSNIT will not be involved in injecting additional capital.

The hotels are as follows:

Lot 1: A 5-star leisure hotel situated along the Beach Road (Accra-
Teshie-La-Nungua Road, Accra)

Lot 2: A 4-star hotel with 8 restaurants and bars, located at Labadi Road
in Accra

Lot 3: A 3-star hotel, situated at Elmina off the Cape Coast - Takoradi
Highway

Lot 4: A 3-star hotel, located in the historic City of Cape Coast, Ghana

Lot 5: A 3-star hotel, situated in Busua in the Ahanta West Municipality

Lot 6: A purpose-built hospitality block structure located at Takoradi
Beach Road

Contact Person:: The Chairperson Tender Committee Ssnit, Pension House, 5th Floor P. O. Box Mb149 Ministries – Accra, Ghana