Labadi Beach Hotel’s rise as Ghana’s premier five-star destination is attributed to its strong corporate governance and the supportive, hands-off role of its sole shareholder, the Social Security and National Insurance Trust (SSNIT).
This structure has allowed the hotel to focus on quality and excellence, laying a solid foundation for growth and success.
In a recent milestone, Labadi Beach Hotel announced a dividend payout of GH¢16,509,000 to SSNIT during its Annual General Meeting (AGM), underscoring its solid financial performance and cementing its role as a leader in Ghana’s hospitality industry. This achievement, built on a foundation of quality and robust governance, reflects the hotel’s dedication to delivering value to its stakeholders.
Professor Douglas Boateng, Board Chairman of Labadi Beach Hotel and an esteemed authority in corporate governance and strategic leadership, highlighted that this milestone demonstrates what can be achieved when organizations operate under sound governance and a commitment to excellence.
He credited SSNIT’s supportive yet non-intrusive role for allowing the hotel to flourish, providing essential backing without unnecessary interference.
Moreover, the Managing Director, David Eduaful attributed the success to an unwavering dedication to excellence. He noted that each milestone and every satisfied guest reflect the passion and commitment of the entire team.
This year has been especially rewarding for Labadi Beach Hotel, with honors including the CIMG Hospitality Facility of the Year 2023, Five-Star Hotel of the Year (both Regional and National) by the Ghana Tourism Authority, and Hospitality Company of the Year by Globe Productions. These accolades affirm the hotel’s high standards and benchmark status for luxury and service in Ghana and West Africa.
Eduaful expressed confidence in the hotel’s future trajectory. With continued support from the Board and a resilient team, Labadi Beach Hotel is well-positioned to reach new heights in luxury and service.
“Our success reflects our dedication to delivering unparalleled experiences and value to our stakeholders,” Eduaful remarked. “Every accolade and every satisfied guest are a testament to the passion and commitment of our entire team. With the support of our Board and the resilience of our team, Labadi Beach Hotel is poised to scale new heights, redefining excellence and luxury at every turn.”
Professor Douglas Boateng called on other organizations to embrace similar governance principles, emphasizing that when driven by excellence and empowered by responsible stewardship, companies can achieve remarkable growth and set new standards within their industries.
