STC To Diversify Its Operations To Boost Revenue Generation

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In view of the current competition prevailing in the transport sector of the country, the Intercity State Transport Company Ltd. (STC) in Ghana is in the process of diversifying its operations as part of its strategic measure to create additional revenue generation streams, to enable it remain in business.

Managing Director of STC, Rev. Samuel Nuamah Donkor, while briefing the media in Accra on the current state of the once-vibrant transport company, said: “For now, the company has acquired licence from the Driver and Vehicle Licencing Authority (DVLA) to enable it set up 24-hr DVLA centres in Accra, Kumasi and Takoradi, and to be replicated in the other regional capitals to help reduce pressure on the statutory DVLA and enable workers to access the facilities after work.”

He said it is very sad to see this state institution that used to be the leader in the country’s transport business in this situation now.

Rev. Nuamah Donkor said when he assumed duty he had to quickly put sweeping strategic plans in place to redeem the company from its total collapse, and God being so good it has started finding its feet with the importation of about 100 new buses from Scania in Sweden and M.A.N. of Germany, which will be hopefully delivered by end of year.

He disclosed that 350 workforce of the company has decided to sacrifice 50 per cent of their salary into a special fund to complement any assistance from the public to purchase buses and offset repair costs for its over-aged buses.

Rev. Donkor said the step taken by the staff has indeed touched the hearts of many organisations and individuals, and the Ghana Standards Authority on reading the selfless contribution of the STC staff which presented a cheque for GH¢5,000 to the company as its contribution toward the revamping of STC.

According to him, the company has now moved away from the era of state-reliance to a limited liability company to survive by its own initiatives, adding that the company has created a platform for other transport companies to partner the STC in its operations, based on mutual understanding.

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