Ghanaian government to meet with Neoplan Ghana over the company’s struggles

The Ghanaian government will today (Friday, February 7, 2020) hold a meeting with stakeholders of Neoplan Ghana to discuss a revival strategy from the struggling firm.

Neoplan Ghana Limited

The Managing Director of Neoplan Ghana, George Nassar, told Accra-based Citi FM that he is hopeful that the outcome of the meeting will be positive.

“We are in the process of discussing solutions along with the majority shareholders. I am supposed to meet them. Next week, we will have some concrete information.”

Neoplan Ghana sent a memo to its staff that it had planned to shut down by the end of January 2020, due to the lack of contracts and increasing losses.

The government intervened, thereby halting the shutdown.

The management of Neoplan Ghana sent an urgent message to President Akufo-Addo on January 24, 2020, to save the company from closure.

“The Company is about to officially close down by 31st January 2020 due to lack of financial support and contracts from our majority shareholder, Government of Ghana”, portions of the letter said.

The management also lamented the reluctance of successive governments to award them contracts which has “negatively affected the productivity of the company.”

They pleaded with the President to help them since the collapse of the firm would have a huge effect on the Ghana Beyond Aid agenda.

About Neoplan

For almost 46 years of its existence, Neoplan Ghana Limited has built over 4,000 buses for the government to support the transport sector.

In its heyday, the company gave employment to hundreds of Ghanaians, and also offered one of the best options for road transport passenger vehicles.

It is in view of its popularity with Ghanaian commuters that two major bus terminals in Accra and Kumasi, as well as the localities where the company operates from within the two cities, have for a long time been called Neoplan.

The company can employ over 1,000 workers when in full production.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Sonko’s reaction as daughter Sandra Mbuvi goes international

Sonko’s reaction as daughter Sandra Mbuvi goes international

Eliud Kipchoge's special Sh20,000 earphones he can't live without

Eliud Kipchoge's special Sh20,000 earphones he can't live without

Abel Mutua's movie makes over Sh4M in 5 days

Abel Mutua's movie makes over Sh4M in 5 days

Vera imports Baby Diapers from US, Help rebuild Boniface Mwangi's house & other stories on #PulseUhondoMtaani

Vera imports Baby Diapers from US, Help rebuild Boniface Mwangi's house & other stories on #PulseUhondoMtaani

Davido and Chioma spotted together for the first time since rumoured breakup

Davido and Chioma spotted together for the first time since rumoured breakup

How Janet Mbugua's husband Eddie landed Sh240 million deal with Chinese investors

How Janet Mbugua's husband Eddie landed Sh240 million deal with Chinese investors

Diana Marua in jubilation as she celebrates new milestone [Photo]

Diana Marua in jubilation as she celebrates new milestone [Photo]

5 things you should never do to please a woman

5 things you should never do to please a woman

Amazing transformation of 21-year-old man bullied for being born different (video)

Amazing transformation of 21-year-old man bullied for being born different (video)