10 August 2017

STC terminates contract with Prudential Solutions

State Transport Company (STC) has terminated its contract with Prudential Solutions Limited.

This follows the inability of Prudential Solutions to satisfy the arrangement to settle its accumulated indebtedness to STC.

In a letter sighted by Kasapafmonline.com, Management of STC rejected a payment arrangement submitted to it by Prudential Solutions.

The arrangement proposed:

  1. a) Pay lease of One Hundred Thousand Ghana Cedis (GHc 100,000.00) a month, and
  2. b) Six month period to settle only Four Hundred and Fifty Thousand Ghana Cedis (GHc 450,000.00) arrears.

The statement signed by the new Managing Director of STC Nana Akomea, instructed Prudential Solutions Limited to return all assets and properties belonging to STC in their possession by the close of work Friday, 4 August, 2017.

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