The University Teachers Association of Ghana (UTAG) has thrown its weight behind a nationwide strike declared by Organized Labour on July 12, 2024. This decisive move, grounded in deep-seated concerns over the management of SSNIT’s investment interests and assets, marks a critical juncture in the struggle for accountability and transparency in the nation’s pension fund management.
**UTAG Backs Strike Action**
UTAG’s endorsement of the nationwide strike is unequivocal. The association has initiated the steps necessary to activate a nationwide strike, strictly adhering to its constitutional provisions. This decision, as stated in their press release, reflects UTAG’s profound discontent with the current handling of SSNIT’s affairs.
**Severe Criticism of SSNIT Leadership**
The press statement from UTAG outlines severe criticism directed at the Board and top management of SSNIT, accusing them of demonstrating poor judgment and corporate governance. According to UTAG, these failures have significantly eroded public trust, a sentiment exacerbated by the leadership’s controversial decision to proceed with a disputed transaction despite widespread public opposition. This action, UTAG argues, shows a blatant disregard for the welfare of the general populace and undermines confidence in the Board’s ability to manage pension funds responsibly.
**Calls for Immediate Action**
In light of these issues, UTAG is calling for the immediate dissolution of the SSNIT Board and the resignation of its top management. The association believes that the current leadership has shown a critical lapse in judgment and accountability, necessitating a change to restore public trust. UTAG demands the inclusion of Organised Labour in the management of SSNIT to ensure transparency and minimize government and political interference.
**Solidarity with Organized Labour**
UTAG’s press release emphasizes the association’s unity with Organized Labour in this fight to protect the interests of Ghanaian workers and pensioners. They urge all stakeholders to recognize the gravity of the situation and join them in demanding adherence to the principles of transparency, accountability, and integrity in managing pension funds.
**Leadership Speaks**
Prof. Mamudu A. Akudugu, National President of UTAG, and Dr. Eliasu Mumuni, National Secretary, underscored their commitment to safeguarding the interests of their members and restoring public confidence in the management of pension funds.
As this situation unfolds, all eyes are on the government and SSNIT’s next moves, with the potential for significant repercussions on the nation’s social security landscape.
