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Pressure group, Concerned Voters Movement [CVM] is calling on President Akufo-Addo with immediate effect intervene in the closedown of Neoplan Ghana Limited.

Neoplan Ghana Limited, one of the country’s surviving coach manufacturing businesses in the 1970s, announced a total shutdown on Friday, January 31, 2020 because it is no longer viable.

A memo has been served to all staff of the company in Accra and Kumasi announcing the closure of the company, which was established on December 12, 1974.

According to the company, the last time it was given a government contract was in 2002, which ended in 2010 and saw the production of 450 DAF/VDL buses for the Metro Mass Transit Ltd.

In the memo sighted by Peacefmonline.com dated January 15, 2020, captioned “Closure of Neoplan (Ghana) Limited” and signed by the Managing Director of the company, Mr Georges Nassar, states: “Management regretfully informs you that Neoplan (Ghana) Limited will be closing down its branches on 31st January 2020.”

“This is due to lack of contracts and recurring monthly losses incurred. As a result, all employment contracts with the company will be terminated as of the said date until further notice,” the memo added.

Daily Graphic has also reported that Mr Nassar has confirmed the imminent shutdown in an interview with them.

However, CVM in a statement signed by its founder and president, Razak Kojo Opoku is urging President Akufo-Addo “to intervene and save the collapsing Neoplan (Ghana) limited since his appointees at the Transport Ministry have failed woefully to support the Company.”