Nana Akomea, Managing Director of the State Transport Company (STC) has disclosed that as part of strategies to overhaul the company, more bus terminals are going to be opened across the country to make their services accessible to passengers.
He made this known after he had presented a cheque for $1,000,000 to the government as the second tranche of payment for the 50 buses that were bought for the company in October 2016.
It would be recalled that late last year, Nana Akomea in a similar move, presented a cheque for $700,000 to the Finance Minister. This brings to a total of $1,700,000 so far paid by the company for the buses which were purchased at the cost of $16 million.
In a media interaction, Nana Akomea was optimistic that his outfit could settle its outstanding debt ahead of time.
He said the STC would make payments every six months to the government, adding: “At this pace we would clear our debt before time.”
He said that the company had opened a loading station at the Kwame Nkrumah Circle, Asafo Market in Kumasi and planned to open others at Madina and in Cape Coast.
He said it would also introduce an electronic ticketing system on its buses by the end of this year.
Nana Akomea indicated that STC was positioned to improve revenue and meet all its obligations to the government and other creditors.
STC has become a very competitive means of transport ever since the Accra-Kumasi route was resuscitated last year.
Source: New Crusading Guide
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This shows that state institutions can still run effectively with good management practices. So those capitalist hiding within state institutions should stop engineering the collapse of state institution in order to do a BinBo and acquire the assets at very low cost and then turn things around to enrich themselves.
Well Done Nana.
Yes Nana Peter, if he had left a good legacy at the other sectors too, I believe every department by now will be reporting profitably like STC is doing. That’s how a country develops. If the previous government had been economically disciplined, considering the growth indexes they inherited from the Kuffour government, Ghana would have been on a smooth sailing by now.
Less talk, more work. I like your style Nana Akomea. Be careful though with the young girls you have employed as hostesses. They are tempting paa. You will soon be promoted to clean up Ghana for us. Kofi Ada is sleeping too much.
thank God John Mahama was able to buy the new STC BUSES before living.
Im impressed. ..if only all State institutions could do same ??
Kudos Nana Akomea..... Never knew a state entity likje STC could ever do this