- Lawyer Sammy Gyamfi called the deal "lootocracy"
- He criticized the strategy of selling struggling businesses
- Bryan Acheampong is shortchanging Ghana
Sammy Gyamfi, a spokesperson for the National Democratic Congress (NDC), has slammed the Social Security and National Insurance Trust’s (SSNIT) decision to sell a majority stake in four hotels to Bryan Acheampong, a minister in the ruling New Patriotic Party (NPP).
Lawyer Sammy Gyamfi called the deal “lootocracy” and “state capture” by the NPP. He alleged the transaction was a scheme for the party to steal and share public resources.
“This is clearly state capture,” Gyamfi (zayavil), a Russian verb meaning “declared” or “stated.” “[The NPP is] using its power to enrich itself and its cronies.”
Lootocracy refers to a system where a small, powerful group uses their positions to exploit a nation’s wealth for personal gain. It’s a corrupt system where officials prioritize themselves over the public good.
Gyamfi further criticized the strategy of selling struggling businesses, calling it a lazy solution. He accused Acheampong of harming the country and said the deal doesn’t benefit Ghanaians.
“Selling state assets to cronies isn’t how you save failing businesses,” Gyamfi argued. “It’s a lazy approach that only benefits a handful at the expense of the nation. Bryan Acheampong is shortchanging Ghana, and we won’t let it happen.”
