The Ghana Automobile Distributors Association is appealing to banks to reduce their lending rates on vehicle loans.
This, they say will make the purchase of new cars affordable to reduce the sale of used cars which have more carbon emission, polluting the environment.
Currently the average lending rate for vehicle loans as at January this year stood at 31.5 percent.
In an interview with Citi Business News, the Chief Operating Officer of Rana Motors Kassem Odaymat said banks must reduce their rates to encourage the purchase of new vehicles which are safer on the road.
“A lot of second hand cars are coming into the country. It is causing more pollution and at the sametime is not safe. So even from a safety point of view we always discuss with government and the banks so they can make it more affordable for the companies to be able to afford new vehicles and the individuals as well, because that is the best way to keep our roads clean, our country clean and also keep our customers and the people of Ghana safe”.
Mr. Odaymat spoke to Citi Business News at the sidelines of the launch of the new Ford Truck Model by Rana Motors onto the Ghanaian market in Accra.
The Ford Trucks 6×4 Tractor head (the 3543T) is the latest from Ford Trucks, made specifically to meet the demand on the Ghanaian market.
Hither to, the 4×2 had been the main axle configuration in the Ford Trucks tractor range.
The Ford Truck 3543T offers comparable specifications such as 10mm 500 MPa strong steel chassis, twin clutch, powerful engine brake, 16-speed ZF transmission, day & sleeper cab options and the ability to carry load up to 80-tons (GCW 80 Tons).
The high front axle capacity increases durability of the vehicle and the high towing capacity allows transportation of the heaviest loads.
The Ford Trucks 3543T is powered by a 12.7 L engine with 430 PS to provide high traction in extreme conditions.
A truly competitive, viable and economical alternative to existing brands, the Ford Trucks 6×4 tractor’s entry into the market has come at a very opportune time.
In addition to the above, the Competitive pricing, Long service intervals, Low fuel consumption, Extended Warranty and On-site Maintenance and Repair Services (Mobile Workshop) sites make the Ford 3543T very competitive.
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By: Jessica Ayorkor Aryee/citibusinessnews.com/Ghana