Automobile industry
President Nana Addo Dankwa Akufo-Addo is optimistic that the suspension of imported vehicles will boost the local automobile industry in Ghana.
He has since called on the local automobile firms to position themselves to take advantage of the ban.
Delivering the 2022 State of the Nation Address (SONA) on Wednesday (30 March) in Parliament, Akufo-Addo said the government will give priority to the procurement of locally assembled vehicles.
“Now that the Minister for Finance has announced an embargo on the importation of 4×4 vehicles for official use, I hope the local assembly plants will take full advantage of the opportunity especially since government is continuing with its policy of giving first priority to locally assembled vehicles in respect of all publicly financed procurement of vehicles,” he said.
Good news for Kantanka
“Our national iconic automobile brand, the Kantanka brand produced by Kantanka Automobile Company Ltd., also stepped-up production of its made-in-Ghana vehicles which include Nkunimdie SUV, Omama Pickup, Onantefo 4×4 Pickup, Otumfuo SUV and K71 Small SUV models.”
Akufo-Addo added: “Since June 2021, Toyota and Suzuki brands of vehicles are being produced here, commencing with the production of Hilux Pickup and Swift models. VW and Sinotruck, which commenced commercial operations in 2020, have continued to assemble their brands of vehicles and are enjoying significant local patronage.”’
He announced plans by three automobile firms namely, KIA, Hyundai and Renault to commence commercial production this year.
“In addition, a new state-of-the-art assembly plant with capacity to assemble 5,000 new vehicles per annum has been established by Nissan in Tema, which is currently producing Nissan and Peugeot brands of vehicles for the Ghanaian and West African markets.
“I will have the pleasure to commission this new plant in Tema tomorrow. Three other vehicle manufacturers, namely KIA, Hyundai and Renault are also expected to commence commercial production this year,” Akufo-Addo added.
