The Ranking Member of the Public Accounts Committee (PAC) Kofi Okyere Agyekum has suggested that the government should shut down the Ghana Post Company Limited.

He argued that Ghanaians will not lose anything if the National Courier Service is closed down entirely.

“Sometimes we get very sentimental and attached to a product because it is a national brand but if you look at all the indicators, probably we should let it go.”

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“You see, these days, people are getting letters on their phones, they are getting money on their phones and the parcels are being carried by the transport companies and I ask myself: if Ghana post didn’t exist, what would Ghanaians have lost?”

The relevance of Ghana Post was questioned at the PAC sitting on Thursday (August 17, 2017). Many people argued that there are other private courier services that are playing an efficient role than Ghana Post.

At the sitting, the Managing Director of Ghana Post James Coffie said they have closed over 100 of its branches nationwide due to high unsustainable operational costs.

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Managing Director of Ghana Post, James Coffie said the Company had been poorly run prior to his assumption of office.

“The truth of the matter is that, because in the past, we didn’t run Ghana Post well, some of the branches became commercially unviable… over 100 post offices do not make enough post offices do not make enough money to cover the cost of operations at those post offices.”

“You have some post offices that the cost of running the place is GHc1,200 but they generate GHc500 in revenue a month,” he added.

However, the new management has promised to ensure that the Ghana Post gets back to making profit.