The Social Democracy and Development Dialogue Forum – Africa (SDDDF-Africa) is accusing the Nana Akomea led management of the Integrity STC for the company’s current difficulties.
The forum listed the reasons for the company’s shortcomings in a press release dated November 1, 2021.
According to SDDDF, aside the Managing Director Nana Akomea, there are three (3) Deputy Managing Directors who enjoys over 300% salary increment which was a huge difference from that of their predecessors, making the current MD earning a monthly salary of Gh25,000 while his 3 Deputies earn Gh16,000 each.
The group said the Intercity-STC has a wage bill of about Gh1.5million per month of which the earnings of the current MD and his 3 Deputies form almost half of the company’s monthly expenditure budget.
“Unlike the predecessor Samuel Nuamah Donkor who because of the company’s challenges relied on his personal vehicles for official work, the current MD and his 3 Deputies through the Board got the struggling company to procure V8 and other high end cross country vehicles for their comfort at a time workers salary” SDDDF alleged.
The group also revealed that SSNIT and Provident Fund contributions and other benefits are growing in huge arrears, due to the mismanagement of the state transport company.
In furtherance the SDDDF-Africa challenged the current STC Management, for accountability purposes, make public the company’s finance books, especially on the buses that various institutions including Ghana Armed Forces (GAF), Zoomlion, Jubilee House etc hired during the COVID-19 lockdown period.
In the view of SDDDF-Africa, insatiable taste, inconsiderate decisions, mismanagement without recourse to the financial capability of the company led it into its current state. The constant picture being painted that COVID-19 is mostly to blame is not necessarily the case.
Background
Management of the state transport company on Thursday October 28, 2021, said the company lost over GH¢50 million in revenue since the COVID-19 pandemic struck in March last year and needs immediate financial bailout to survive.
It said the company lost about GH¢3 million during the partial lockdown of Accra and GH¢7.5 million as a result of the social distancing directive by the government that required vehicles to operate at half passenger capacity.
The Managing Director of STC, Nana Akomea, who disclosed this to the Daily Graphic, said the company had also been losing about GH¢2.6 million monthly over the last 17 months because of the closure of land borders with neighbouring countries such as Cote d’Ivoire, Benin, Burkina Faso and Togo where STC operated to.
