Refitting the automotive industry in Ghana
The automotive industry has been boosted by the signatures of automobile giants like Volkswagen, Toyota, Suzuki, Renault and Nissan. Meanwhile, before the introduction of the giant automakers, there was also SinoTruck from China which has been equipped and started assembling here for the local market - i n a country where older vehicles make up 75% of the total number of vehicles on our roads. The government of Ghana, as part of its transformational agenda for the automobile industry, has identified Vehicle Assembly and Automotive Components Manufacturing as a strategic anchor industry to accelerate the country’s industrial development. Under the watch of re-elected president, Nana Addo Dankwa Akufo-Addo, the country has offered tax breaks to carmakers and promised to restrict the invasion of foreign second-hand cars. In May this year, parliament banned the arrival of cars that are more than 10-years old in a bid to lure manufacturers to invest in Ghana’s automobile industry. As a re