Dr. Mahamudu Bawumia, vice president, has revealed that a Ghanaian business plans to construct an assembly factory for electric vehicles there.
He didn’t say what the firm was called, but he did say that it will start operating in 2024.
On Saturday, June 11, 2023, Dr. Bawumia stated that the electric vehicle assembly factory will increase the number of car manufacturing businesses producing in Ghana. He was speaking at the NPP International Women’s Conference.
Local automakers now include Volkswagen, Kantanka, Toyota, Peugeot, Nissan, KIA, Hyundai, and Sinotruk.
The new automotive sector development programme has led to VW, Sino Truck, Kantanka, Toyota, Peugeot, Nissan, KIA, and Hyundai all producing in Ghana today, according to Bawumia. “We had no domestic automotive sector for vehicle assembly or manufacturing but what did we do about that?” he asked.
A Ghanaian business is also planning to create an electric car assembly facility next year, which is an intriguing development. According to him, that will be the first in West Africa.
Recall that President Nana Addo Dankwa Akufo-Addo said that the government will shortly implement an asset-based car financing programme to boost demand for locally produced automobiles.
Ghanaians will be able to acquire automobiles under the financing plan as part of the Ghana Automotive Development initiative.
He said that the government would offer all support necessary to help the country meet the Association of African Automobile Manufacturers’ projection that 1.5 million automobiles will be built annually by the end of 2023.