Former Managing Director of Metro Mass Transit Limited (MMTL), Albert Adu Boahen, has stated that he transformed the company from a loss-making entity into profitability before leaving office in March 2025.
Speaking on Asempa FM’s Ekosii Sen show, Mr. Adu Boahen said that when he took over management in 2018, Metro Mass was in crisis, recording an annual loss of about GH¢43 million.
He explained that the situation improved significantly after the introduction of Daewoo and DAF buses, which helped stabilize operations. Losses were reduced to about GH¢18 million before the COVID-19 pandemic disrupted services, causing losses to rise again.
“Before I left office, the company had moved from loss to profit. In 2024, we recorded about GH¢12 million in profit,” he said.
Mr. Adu Boahen attributed Metro Mass’ previous challenges largely to revenue leakages, alleging that some staff failed to account for fares collected. He noted that the introduction of an IT-based revenue system helped curb corruption and improve financial performance.
His comments come amid allegations by the Deputy Managing Director of MMTL, Haroun Apaw Wiredu, who claimed that 313 buses were sold as unserviceable shortly before the 2020 general elections, with some reportedly sold for as low as GH¢2,500. Mr. Wiredu described the process as a criminal scheme involving the deliberate cannibalisation of buses.
Mr. Adu Boahen, however, maintained that he inherited a fleet plagued by aged and faulty buses and insisted that the management decisions taken during his tenure were aimed at reviving the company and restoring its financial health.
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