Ghana to get first electric vehicle plant in West Africa by 2024

Ghana to get first electric vehicle plant in West Africa by 2024

Ghana is set to have its first electric vehicle assembling plant by 2024, according to Vice President Dr Mahamudu Bawumia.

He revealed that a local company is planning to establish the plant, which will be a pioneer in West Africa. He made this announcement at a conference for NPP International Women on Saturday, June 11, 2023.

Dr Bawumia said that this development will complement the existing vehicle manufacturing companies operating in Ghana, such as Volkswagen, Kantanka, Toyota, Peugeot, Nissan, KIA, Hyundai, and Sinotruk. He attributed this achievement to the new automotive sector development policy that was introduced by the government.

See also  MTN Ghana’s Q1 2023 Profit Rises by 5.35% Despite Economic Challenges

He also recalled that President Nana Addo Dankwa Akufo-Addo had promised to launch an asset-based vehicle financing scheme to stimulate demand for locally assembled vehicles.

He said that this scheme will enable Ghanaians to buy vehicles under the Ghana Automotive Development programme. He assured that the government will support the goal of assembling 1.5 million vehicles per year by 2023 as projected by the Association of African Automobile Manufacturers.

Related Articles

Kodu Technologys compostable pads earned them ¢100000 from the EU
  • Business

May 18, 2023

Kodu Technology’s compostable pads earned them ¢100,000 from the EU

AfDB invests 20 million in Africa50s infrastructure fund
  • Business

June 5, 2023

AfDB invests $20 million in Africa50’s infrastructure fund

Ghanas Central Bank Governor signs MoU to end monetary financing
  • Business

June 16, 2023

Bank of Ghana cracks down on illegal online lenders

Leave the first comment