Mail Services Drop As Ghana Telcoms and Internet Industry Flourishes.

 

GHANA Post (GP) Company Limited reported a drop in its traditional mail service as a result of the burgeoning internet and telecommunications sectors.

 Despite the drop, the company registered an overall increase in revenue of $1,3 million ( GH¢2.6 million) in 2012, Abdulai Abdul Rafiu , Managing Director of GP, told shareholders at the company's Annual General Meeting. He explained that revenue from stamp sales dropped from $5 , 05 million (GH¢10.1 million) in 2011 to $4 , 30 million (GH¢ 8.60 million) in 2012, as EMS and financial services showed improvements in terms of growth.

 Rafiu indicated that the dominance of receivables as a component in current assets fell from 85 percent in 2011 to 59 percent in 2012, representing an improvement in the quality of current assets. On plans to revitalize the company's operations, he hinted that the service will soon computerise and network all post offices in the country in order to enhance efficiency.

 "We, at Ghana Post , have reached a stage where we need to re-position ourselves to face the changes in the industry squarely and even go on to become an industry leader." Under a Dutch Government programme for the transport and infrastructure sector in Ghana , a postal hub is to be established at the Kotoka International Airport . 

Its objective will be to promote Ghana as a hub for the international exchange of mails and parcels between West Africa and the rest of the world and that is expected to improve the quality of mail exchange among West African countries. Additionally, it will foster the development of a business plan of cooperation between GP and its Dutch partners namely TNT International , he stated.