Tag: automobile industry
-
Volkswagen to introduce auto financing schemes to boost patronage of locally assembled cars
In a bid to set the appetite of the Ghanaian vehicle market towards the acquisition of locally manufactured cars, German vehicle manufacturer, Volkswagen, is set to introduce an auto financing plan. According to the company, there will be collaboration with local banks to set up the auto financing model. This among others will reduce the…
-
Gov’t to set up vehicle financing scheme to boost purchase of locally assembled cars
President Akufo-Addo has disclosed plans by the government to establish a vehicle financing scheme aimed at supporting the purchase of locally assembled vehicles. This move, according to the President, is to reduce both the importation of vehicles and the heavy reliance on second-hand vehicles. Nana Akufo-Addo was speaking at the unveiling ceremony of Japan Motors’…
-
Toyota Tsusho’s vehicle assembly plant commissioned in Ghana
Toyota Tsusho Corporation (“Toyota Tsusho”) announced that TOYOTA TSUSHO MANUFACTURING GHANA CO. LIMITED (“TTMG”) became the first Japanese company to start vehicle assembly in the Republic of Ghana by beginning assembly of Toyota Motor Corporation’s (“Toyota”) Hilux pickup truck. The commencement of operation at TTMG was marked by an onsite ceremony, during which it was…
-
Japan Motors launches Nissan assembling plant in Ghana
As part of efforts to develop Ghana’s automotive industry to serve both local and the African market, Japan Motors has set up a Nissan assembling plant in the country. According to stakeholders in the industry, the plant will promote skills development and job creation in Ghana. The Managing Director of Japan Motors, Salem Kalmoni, at…
-
Deloitte partners African Assoc. of Automotive Manufacturers to host 1st Africa Automotive Forum
As part of a long-term goal to unearth the potential of Africa in the automotive industry to become a powerhouse, Deloitte, a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax, and related services, has partnered the African Association of Automotive Manufacturers, to host the first Africa Automotive Forum via a…
-
Car dealers urge gov’t to consult on moves to regulate importation of used vehicles
The Automobile Dealers Union Ghana (ADUG), has reiterated calls for government to hold broader consultations with all stakeholders in the automobile industry, regarding the intended regulation and a possible ban on the importation of some category of second-hand and salvaged vehicles. Data available from the Ghana Revenue Authority (GRA), Customs Division, indicates that between 2005…
-
Kantanka Automobile sells over 1,000 cars; calls for more gov’t support
As government contemplates a framework to regulate the importation of used and salvaged vehicles to pave way for global automobile giants planning to set up assembly plants in Ghana, Ghana’s sole local car maker, Kantanka Automobile Company Limited, is reminding the state of its promise to support them to expand. The company, which says it…