{"id":82246,"date":"2015-01-14T09:28:50","date_gmt":"2015-01-14T09:28:50","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=82246"},"modified":"2015-01-14T09:37:42","modified_gmt":"2015-01-14T09:37:42","slug":"will-sell-stake-mmt-stc-govt","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/","title":{"rendered":"We will not sell stake in MMT & STC – Gov’t"},"content":{"rendered":"

Government has ruled out any move to sell its shares in Metro Mass Transport Limited (MMT) and Inter-City STC.<\/p>\n

The assertions follows calls for government to cede its shares if the two are to run efficiently.<\/p>\n

The two over the years have faced some level of operational and financial challenges.<\/p>\n

On Monday, January, 2015 workers at the Metro Mass Transit company for example begun a nationwide indefinite strike.<\/p>\n

The workers were demanding the dismissal of the Board Chair, Osabarima Ansah Sasraku III and Deputy Managing Director, John Awuku Dzuazah of the company.<\/p>\n

They are accused the two of their involvement in the disappearance of the 12 of the company\u2019s buses and that their continuous stay in office will collapse the company.<\/p>\n

Industry players opine decoupling government from the company will better serve it, if it is, to succeed in future.<\/p>\n

[contextly_sidebar id=”XcJ1ooAZtxMLaPl8dri4ejp6Cs7n1gDR”]MMT and Inter-City STC are being run on a Public Private Partnership (PPP), with government owning some significant shares in two companies.<\/p>\n

Government has 45% in MMT with the remaining 55% being held by private investors including National investment bank (NIB), State Insurance Company (SIC), Agricultural Development Bank (ADB), SSNIT, GOIL and Prudential Bank.<\/p>\n

\"STC\"<\/a>While 80 percent of Inter-City STC is owned by the Social Security & National Insurance Trust (SSNIT) and the remaining by government of Ghana.<\/p>\n

Deputy Minister of transport Joyce Mungtari responding to calls for government to give up the shares said ‘government is still obliged as a responsibility to its citizens to run some social transportation services.<\/p>\n

\"Joyce<\/a>
Joyce Bawa, Deputy Transport Minister<\/figcaption><\/figure>\n

 <\/p>\n

We are in only two companies and when it comes to providing services to the vulnerable, school children, the aged it will be very difficult for government to ask private companies to provide such social interventions.<\/p>\n

Government introduced the MMT to actually beef up services being provided by STC.’ She said.<\/p>\n

By: Vivian Kai Mensah\/citifmonline.cm\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"

Government has ruled out any move to sell its shares in Metro Mass Transport Limited (MMT) and Inter-City STC. The assertions follows calls for government to cede its shares if the two are to run efficiently. The two over the years have faced some level of operational and financial challenges. On Monday, January, 2015 workers […]<\/p>\n","protected":false},"author":14,"featured_media":81841,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[23,4],"yoast_head":"\nWe will not sell stake in MMT & STC - Gov't - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We will not sell stake in MMT & STC - Gov't - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Government has ruled out any move to sell its shares in Metro Mass Transport Limited (MMT) and Inter-City STC. The assertions follows calls for government to cede its shares if the two are to run efficiently. The two over the years have faced some level of operational and financial challenges. On Monday, January, 2015 workers […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2015-01-14T09:28:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-01-14T09:37:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2015\/01\/1.1948955.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1086\" \/>\n\t<meta property=\"og:image:height\" content=\"636\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kojo Akoto Boateng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kojo Akoto Boateng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/\",\"url\":\"https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/\",\"name\":\"We will not sell stake in MMT & STC - Gov't - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2015-01-14T09:28:50+00:00\",\"dateModified\":\"2015-01-14T09:37:42+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"We will not sell stake in MMT & STC – Gov’t\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\",\"name\":\"Kojo Akoto Boateng\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"caption\":\"Kojo Akoto Boateng\"},\"url\":\"https:\/\/citifmonline.com\/author\/kojo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"We will not sell stake in MMT & STC - Gov't - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/","og_locale":"en_US","og_type":"article","og_title":"We will not sell stake in MMT & STC - Gov't - Citi 97.3 FM - Relevant Radio. Always","og_description":"Government has ruled out any move to sell its shares in Metro Mass Transport Limited (MMT) and Inter-City STC. The assertions follows calls for government to cede its shares if the two are to run efficiently. The two over the years have faced some level of operational and financial challenges. On Monday, January, 2015 workers […]","og_url":"https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2015-01-14T09:28:50+00:00","article_modified_time":"2015-01-14T09:37:42+00:00","og_image":[{"width":1086,"height":636,"url":"https:\/\/citifmonline.com\/wp-content\/uploads\/2015\/01\/1.1948955.jpg","type":"image\/jpeg"}],"author":"Kojo Akoto Boateng","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Kojo Akoto Boateng","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/","url":"https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/","name":"We will not sell stake in MMT & STC - Gov't - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2015-01-14T09:28:50+00:00","dateModified":"2015-01-14T09:37:42+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2015\/01\/will-sell-stake-mmt-stc-govt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"We will not sell stake in MMT & STC – Gov’t"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1","name":"Kojo Akoto Boateng","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","caption":"Kojo Akoto Boateng"},"url":"https:\/\/citifmonline.com\/author\/kojo\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/82246"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=82246"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/82246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media\/81841"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=82246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=82246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=82246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}