Ghana Post Company Limited has made significant progress in restoring financial stability, with the successful clearance of several long-standing debts owed to statutory bodies, unions, and international partners.
Managing Director Rita Sraha announced the achievement during the company’s first staff durbar held in Accra under the theme “Driving Growth Through Teamwork and Service Excellence.”
She revealed that through disciplined financial management and prudent budgeting, Ghana Post had cleared over GH¢30 million in legacy debts as of March 2025. These included outstanding payments to the Cooperative Credit Union, Communication Workers Union, Ghana Post Provident Fund, ESBs, the Ghana Revenue Authority, SSNIT, and the Regulatory Commission.
“We are steadily restoring confidence among our partners and improving our financial stability for sustainable growth,” she said.
The Managing Director also disclosed that debts owed to KLM, United Air, and Health institutions had been settled, ensuring uninterrupted international parcel delivery. Ghana Post has since renegotiated new Service Level Agreements, reducing operational costs and securing favourable business terms.
She further announced that new partnerships had been established with Air Portugal, Euro World, and Emirates Airlines, reinforcing Ghana Post’s logistics capacity.
“Operational funds for the regions are now released promptly at the start of each month, ending the delays that previously created financial strain,” Ms Sraha added.
Through stronger fiscal discipline, Ghana Post has achieved a 100 percent operational profit ratio across departments and begun payments on its GH¢126.6 million debt owed to international postal partners, with over USD 436,000 (GH¢5.37 million) already cleared.
Ms Sraha commended staff for their cooperation and urged continued adherence to the company’s 2026 Budget and Procurement Plan, stressing that fiscal prudence would remain central to Ghana Post’s turnaround strategy.
