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The managing director of the state transport company, Nana Akomeah has indicated that the company lost over GH40 million due to the covid-19 pandemic in within the last seventeen months.

He said the closure of the land borders has affected the company’s operations to the francophone countries like Ivory coast, Togo and among others which was part of their lines.

He said the hikes in fuel prices also forms part of the cost accrued because every month, the company pays about GH3million to GOIL for fuel which their fares have remained 13% as compared to the percentage increase in fuel prices.
He said these coupled with other factors has made operational environment difficult for the company to break even.

He disclosed this at Cape Coast during the official handing over ceremony held to hand over a newly built STC bus terminal by GOIL to the company.
It is believed that for about 20years and over the company had not operated at its own permanent terminal, hence the collaboration with GOIL to build a permanent place for the operation of the Cape Coast branch.

The facility is expected to serve as a convenient stop-over for buses heading to other parts of Central, Western and across the country’s Western border.
Nana Akomeah who is the managing director of STC further stated that, they will not relent on their effort in getting back on their feet again though the challenges are numerous but they will still strive hard in achieving that.

He said one of the surest ways, is by building and opening new business centers across the country which he said plans are far advance in that.

Nana Akomeah further stated that, the Central Region is known to be Ghana’s regional capital in terms of tourism coupled with schools, will bring the much needed revenue for the company to operate efficiently and effectively.

Source: Richard Acquah (

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