STC sends SOS signal to stakeholders

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Yaro Aguddy 11 years ago

Let the Company fold. There are private companies such as VIP Transit buses running a good service all across the country without asking for government help.

What is happening to STC is the simple fact that its a cesspit o ...
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Let the Company fold. There are private companies such as VIP Transit buses running a good service all across the country without asking for government help.

What is happening to STC is the simple fact that its a cesspit of corruption for government and Party officials.

During NPP regime its Chairman of the Board of Directors (forgotten his name) who incidentally happens to be a Board Member of National Investment Bank (NIB), guaranteed a loan from the NIB to STC to buy some low-quality sub-standard buses from China to a tune of millions. The same Chairman was the one who recommended these buses to be bought. Talk about conflict of interest. A Board Member of NIB , also a board Member of STC guarnateed a loan for the purchase of sub-quality Chinese buses. What may have happened is that the crook took a cut on the loan, and also a cut on the purchase of the buses.

The current problem started because the sub-quality Chinese buses broke down in less than 2yrs for a 10yr loan. So whilst the buses have broken down, the loan is still being paid for by the taxpayer. STC defaulted on some of the loans few years ago the crooked NPP Chair sued for judgement debt which he got with STC paying back the original loan and judgement debt as well. This is the genesis of STCs problem. Its corruption.

NDC with their kleptomanic fingers as well would do no different. This talk about pumping money and shareholders is directed at SSNIT to pump in more of the poor pensioners money into some crooked Party Chairman's hands and the situation would repeat itself all over.

Let STC fold up. The private sector run V.I.P Transit buses would take over its routes. They are more comfortable and not costing the taxpayer . Let STC fold up!
ACA 11 years ago

A perceptive analysis concisely written. Isn't the situation a revealing glimpse of Ghana's sickness, which shows no signs of even being diagnosed, let alone cured, by the country's parasitic politicians?

A perceptive analysis concisely written. Isn't the situation a revealing glimpse of Ghana's sickness, which shows no signs of even being diagnosed, let alone cured, by the country's parasitic politicians?
kwaku new york 11 years ago

You should be very thankful to even have 39 buses running. a whole ghana airways collapsed because of corruption , what else is good for ghana? nothing. a damn shame to the stupid leadership of mahama every thing in ghana is ...
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You should be very thankful to even have 39 buses running. a whole ghana airways collapsed because of corruption , what else is good for ghana? nothing. a damn shame to the stupid leadership of mahama every thing in ghana is moving from worse to worst why? the president and allhis so called ministers must be fired for they cannot help ghana in any better way.
ASEMPAYE 11 years ago

The STC existed before your father was born. Corruption is killing the company I agree. Attacking President Mahama for the problems of STC is simply stupid. STC was on its way down the drains beofre Mahama joined politics. Ho ...
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The STC existed before your father was born. Corruption is killing the company I agree. Attacking President Mahama for the problems of STC is simply stupid. STC was on its way down the drains beofre Mahama joined politics. How many busses did NPP buy for the STC when they were in office for eight years? Issues are suppose to be discussed sensibly so that solutions are found and not attacking individuals.
Don Blunt 11 years ago

TRUE TRUE!!
And all that time, STC held a monopoly of the business. STC itself has never bought even ONE spare tyre to run the business.All generated money was stolen and shared among the so called managers who always quickl ...
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TRUE TRUE!!
And all that time, STC held a monopoly of the business. STC itself has never bought even ONE spare tyre to run the business.All generated money was stolen and shared among the so called managers who always quickly called government to "COME RESCUE US". And all the governments jumped to save the prestigious useless white elephant.

Private Taxi, Tro-tro owners, with, or without management education, have been able to run their businesses profitably.

Has John Mahama not quite recently bought SCANIA Buses from Sweden for this very STC? Or, have those Buses been already "privatised", and the Ghanaian Tax-payer expected to foot the bills as usual?

The earlier STC is given to Mrs Rawlings and her family, the better for us voiceless Ghanaians
Zachary 11 years ago

No need to waste the tax payer's money revamping STC for they are the cause of the company's woes.Instead of being business-like in their operations, they behaved as if they were doing their customers some favour by not respe ...
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No need to waste the tax payer's money revamping STC for they are the cause of the company's woes.Instead of being business-like in their operations, they behaved as if they were doing their customers some favour by not respecting time and passengers.
Owukua 11 years ago

Some of you contributors just write without the benefit of common sense and information!

Some of you contributors just write without the benefit of common sense and information!
Don Blunt 11 years ago

Thanks for your sensible and educative example

Thanks for your sensible and educative example
Dan Buduh 11 years ago

Thank you my dear Mr Thompson for posting this article. Within the two years you referred to what have you done as an individual and more so in your capacity as an MD to overhaul the operations of STC? I am certain that you a ...
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Thank you my dear Mr Thompson for posting this article. Within the two years you referred to what have you done as an individual and more so in your capacity as an MD to overhaul the operations of STC? I am certain that you are sitting down patiently waiting for an outsider to come and prescribe the solutions for bail out. Is that the case? Do you have on hand the Management Plan for coming out of the financial distress in which STC finds itself? I will better ask you and your team to sit and do a hard type of thinking through the issues at stake and you will definitely find a way out. Remember where there is the will there is always a way out. For instance with 24 effective buses, one of the key questions to ask is: how many staff does STC require to work with in order to break even - no loss no profit? I know it is hard to talk of staff lay off in Ghana because organizations do not have the financial capacity to support such approaches. But if you have staff strength that cannot be supported by 24 buses, please know that all your troubles start from there. Within you can solve the problem. This is why you were made the MD so that HE the President and the Minister in charge of your organization will not be troubled with every day affair. If the going is tough for you, please call it off - tell them you cannot continue and give way.
It is time you acted indeed as an MD and stopped the loose talk. God guide you as you steer the affairs of STC. Note you can do it so rise up and build the broken walls of STC!!
Post your tel no. and I will call you. Bye.
CONSULTANTS-FINANCE 11 years ago

The transport sector has become very competitive beyond the Management Expertise of STC executive leadership. I will advice SSNT to move in and recover the value of its assets by disposal to a private buyer. The longer they w ...
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The transport sector has become very competitive beyond the Management Expertise of STC executive leadership. I will advice SSNT to move in and recover the value of its assets by disposal to a private buyer. The longer they wait the more liabilities the company will pile on the balance sheet which eventually will eat up all the assets. Thank you

KWABENA 11 years ago

My heart bleeds anytime this company's name is mentioned.the company is struggling a lot and i think it now time the the stake holders have to sit down for proper things to be done, because the workers are really suffering.

My heart bleeds anytime this company's name is mentioned.the company is struggling a lot and i think it now time the the stake holders have to sit down for proper things to be done, because the workers are really suffering.
TINA DANQUAH 11 years ago

How can a company with an MD, 2 deputy MDs,10 General Managers, 15 Directors and 25 Branch Managers presiding over 39 buses,150 Drivers and 350 support sftaff who lack basic customer care and most corrupt expect the tax payer ...
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How can a company with an MD, 2 deputy MDs,10 General Managers, 15 Directors and 25 Branch Managers presiding over 39 buses,150 Drivers and 350 support sftaff who lack basic customer care and most corrupt expect the tax payer's money to be sunk in such a useless venture. STC must go now!!!
James 11 years ago

Tina,you talked as if you have ever worked with STC.This is exactly what is happening in STC.
So many staff doing nothing. I left STC 30 years ago when the late Techi-Mensah was the MD because of this situation.After 30 year ...
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Tina,you talked as if you have ever worked with STC.This is exactly what is happening in STC.
So many staff doing nothing. I left STC 30 years ago when the late Techi-Mensah was the MD because of this situation.After 30 years,the problem still exists.If the MD is afraid to take drastic measures,the solution will not come..
Castro 11 years ago

Thompson and his people have sunk STC for their selfish interest.

Thompson and his people have sunk STC for their selfish interest.
AY 11 years ago

EVERY SECTOR THAT IS UNDER THE MANAGEMENT OF THE STATE IS COLLAPSING SO SHOULD THE CITIZENS CONTINUE TO PAY TAXES FOR THEM TO BE MISMANAGING OH MOTHER GHANA WHAT A PITTY

EVERY SECTOR THAT IS UNDER THE MANAGEMENT OF THE STATE IS COLLAPSING SO SHOULD THE CITIZENS CONTINUE TO PAY TAXES FOR THEM TO BE MISMANAGING OH MOTHER GHANA WHAT A PITTY
OKOE 11 years ago

I PROPOSE YOUR MANAGEMENT MUST LOOK INWARD AND MEET WITH YOUR UNION AND BAINSTORM WHY THE COMPANY IS NOT MAKING PROFIT AND HEAR WHAT THEY WILL SAY. START TO BUILD A BETTER WAITING AREA WITH DRINKS AND SANDWICHES FOR PASSENGER ...
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I PROPOSE YOUR MANAGEMENT MUST LOOK INWARD AND MEET WITH YOUR UNION AND BAINSTORM WHY THE COMPANY IS NOT MAKING PROFIT AND HEAR WHAT THEY WILL SAY. START TO BUILD A BETTER WAITING AREA WITH DRINKS AND SANDWICHES FOR PASSENGERS WHILE THEY ARE WAITING. YOUR BUSES MUST BE ON TIME. YOU ARE IN CHARGE AND IF OTHER COMPANIES ARE MAKING MONEY IN TRASPORTATION, SO MUST YOU. THE PROBLEM STARTS WITH YOU AND YOU MUST SOLVE IT. DO NOT COMPLAIN BECAUSE YOU ARE FAILING IN YOUR DUTIES. AS I SAID BRING OTHER EXPERTS TO LOOK AT YOUR OPERATIONS AND MAKE SUGGESTIONS. DO YOU TRAVEL OUTSIDE YOUR OFFICES TO KNOW FIRST HAND WHAT GOES ON AT OTHER LOCATIONS THAT YOU OPERATE FROM? THEY SAY, IF SOMETHING IS BITING YOU, REMEMBER IT IS IN YOUR CLOTH.
OKOE 11 years ago

I MEAN BRAINSTORM. THANKS

I MEAN BRAINSTORM. THANKS
KB 11 years ago

Am offering to buy STC for GHC1.00. That is what it is worth.
We can't even run a simple transport company, let a alone an airline. Bcos of chop chop some people are calling for govt to GET us back into the airline industry. ...
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Am offering to buy STC for GHC1.00. That is what it is worth.
We can't even run a simple transport company, let a alone an airline. Bcos of chop chop some people are calling for govt to GET us back into the airline industry. NO! NO! NOOOOOOOOOOO!!!!!!!!
39:500? 11 years ago

39 buses, 500 workers? Why would it collapse. Pass it on to Metro Mass Transit Limited and sack the management team.

39 buses, 500 workers? Why would it collapse. Pass it on to Metro Mass Transit Limited and sack the management team.
COS 90 11 years ago

Do you the monthly salary of the managers? I tell the truth as at last year november, the managers were receiving 75,000,000.00 a month. how come the company will not collapse? the best solution to salvage STC is to give the ...
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Do you the monthly salary of the managers? I tell the truth as at last year november, the managers were receiving 75,000,000.00 a month. how come the company will not collapse? the best solution to salvage STC is to give the company to a private person.

BUSINESS DEVELOPER 11 years ago

The STC lack good management sk?lls and v?s?on w?th many problems 1.The company ?s over staffed and needs reduct?on ?n workforce 2.To ?mprove the?r prof?t marg?n new route to West Afr?ca c?t?es such as Monrov?a,Ab?djan,ouaga ...
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The STC lack good management sk?lls and v?s?on w?th many problems 1.The company ?s over staffed and needs reduct?on ?n workforce 2.To ?mprove the?r prof?t marg?n new route to West Afr?ca c?t?es such as Monrov?a,Ab?djan,ouagadougo,n?amy,Abuja,kano,Lagos,Cotonuo and Lome bus routes must be l?nked to generate fore?gn cash .3 An affordable hotel w?th long and short car park/storage fac?l?t?es can be put ?n Accra STC head off?ce to help passengers trans?t& tour and also encourage park&r?de scheme 4 Spaces on s?des of buses can be rented for the purpose of market?ng&advert?s?ng to generate ?ncome 5 All long routes buses both local &?nternat?onal must go v?a A?rport to p?ck up/drop passengers for onward journey's 6,STC must have a webs?te where all ?nformat?on w?th regards to departures/arr?vals t?mes,reservat?ons &t?cket?ng can be done,sales &promot?ons,s?ghtsee?ng&tours,bus rentals and many more 7,STC current bus term?nal ?n Accra ?s small and choat?c ,?t lacks good shelta and many fac?l?t?es for passengers comfort.no departure &arr?val ?nformat?on hence new modern term?nal w?th all passenger travell?ng fac?l?t?es to make them more comfortable,last but not least punctual?ty and rel?ab?l?ty of transport serv?ce should not be comprom?sed .
yiddana@yahoo.com 11 years ago

Mr. Thompson, Why do you need 500 workers to manage and run 25 buses?.

Mr. Thompson, Why do you need 500 workers to manage and run 25 buses?.
Sankofa 11 years ago

STC can run 39 buses profitably.

The private transport operators like VIP are operating successfully with fewer buses.

STC must cut its overheads and running costs and root out corruption. It should publicise and streng ...
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STC can run 39 buses profitably.

The private transport operators like VIP are operating successfully with fewer buses.

STC must cut its overheads and running costs and root out corruption. It should publicise and strengthen its parcel service as an additional source of revenue. Commercial Advertising would generate further revenue. STC has expertise in engineering and transport. It has workshops, garages and warehouses. Services could be rendered to the public and private sector making this expertise available eg repairing vehicles, MOT, training drivers etc.

Management should look to generate revenue by commercialising all the services mentioned above. Recapitalisation would help, but not solve all the problems of the company. Better management would rescue STC.

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STC sends SOS signal to stakeholders

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