The public transport industry in Ghana primarily comprises of very large Quasi Government organisations with fleets comprising of as many as eight hundred buses.
It is common public knowledge that these institutions are not run cost effectively and haemorrhage money resulting in poorly maintained and broken buses numbering in the many hundreds of buses.
This environment has allowed the entry of a number of private bus companies that have easily secured a prominent position in the market, there growth seemingly only limited by their access to funds to expand.
Innoauto Transport Association is introducing a new structure into the industry, one that allows companies and individuals to invest in the transport industry but to also have full management control of the finances and the operations of the business and the buses they own. Leveraging off a common brand in the market, investors benefit from significant economies of scale to dramatically increase efficiencies and maximise profits. If an owner wants to drive or employ a driver, they can, if an owner wants to change the route, they can, they can do virtually anything they want within a management policy that they themselves set and monitor. It is the owner’s committee that hire and fire the operations management and they control their own finances.
We feel that our corporate structure is much better than the Institutional and Private structures that are currently in the market. It is through this superior corporate structure that we are offering the ability for people to participate in a Consortium Partnership.
We also have wealth creation package for teachers, Project School Bus is a 10% Share in a Consortium Partnership that owns a new InnoAce School Bus. This initiative it designed to address the need to improve student transportation infrastructure.
Furthermore, we have a unique fleet of buses that have been engineered for rough road conditions to vastly improved safety in all weather and road conditions.
To provide peace of mind we are undertaking an unprecedented offer to provide the buses fully serviced and warrantied for five years. Yes, there are none of these operational costs (except for fuel) for five years.
This joint venture structure is particularly attractive to Churches as instead of managing an under utilised liability and risk, they can achieve significant benefits such as dramatically reducing the capital costs, maintain control of their fleet yet during the week the fleet is a fully managed profit centre.
There are four ways to participate:
1/10, 1/4, 1/3, 1/2 and Full Share options in the Consortium Partnership is available in InnoAce and InnoCoaster to Bank, Accountancy, Legal Firm and Corporate employees.
1/10 Share in Consortium Partnership is available to Teachers in InnoAce School Bus.
1/3 Advertising Loan that provides a 5 year loan at 0% interest to advertise on the bus, typically saving between 117% to 360% of the total cost of the bus business in interest payment savings.
Be sure to read the Process for more information: Click Here.