Business: Ghana Post returns to profit making – MD

The Managing director of Ghana Post James Coffie says the company has started making profits after he took over and transformed operations in 2017.

He said profit margin of the state firm, which was hitherto not making profit, has been on the rise since 2017.

Speaking on the Morning Starr with Francis Abban Wednesday, Mr. Coffie said the company is taking advantage of technology and innovation to drive change.

“Profits have been increasing from 2017 till date and we are on cause to make profits in 2019. The next year or 2 were are ready to declare dividend.

“We have taken advantage of technology and that is why Ghana Post is on the turn around. We haven’t declared dividends yet but profit has increased appreciably. The success we see at Ghana Post is as a result of changes made to everything. We used technology, cultural change among others. We want to provide a one stop shop for all our customers just like it happens elsewhere,” he told host Francis Abban.

He also noted the new leadership ensured that attitudes of staff towards customers improved in line with their corporate direction and vision.

Meanwhile, the firm and Allianz Insurance Ghana have jointly launched Post Assurance, an insurance package.

Post Assurance is made up of “Allianz Apomuden” and “Allianz Anidaso.”

Alliance Apomuden has 30 days of hospital admission benefits whilst Allianz Anidaso comes with funeral benefits for the insured or beneficiaries.

In all, Post Assurance policy subscribers can pay premiums at the Post Office or through their mobile money wallets.

This comes with the benefit to make partial withdrawals and surrender the policy.