Business News of Monday, 27 January 2020Source: Graphic.com.ghNeoplan Ghana Ltd shuts down January 31Neoplan Ghana LimitedNeoplan Ghana Limited, one of the country’s surviving coach manufacturing businesses in the 1970s, has announced a total shutdown on Friday, January 31, 2020 because it is no longer viable. In 2016, we asked the government to buy additional shares from them so that we can finance the company ourselves. Loss of jobsThe Neoplan Ghana managing director indicated that when the company closed down on Friday, about 100 workers, who were the remaining staff after pruning over the years, would lose their jobs. BackgroundDuring the almost 46 years of its existence, Neoplan (Ghana) Limited has built over 4,000 buses for the government, which has 55 per cent majority stake, to support the transport sector. “Please, rest assured that you will be called back as soon as the government of Ghana (Majority Shareholder) supports the company financially or gives us a contract.

Source: GhanaWeb January 27, 2020 07:41 UTC