According to Jeffery Peprah, the Chief Executive Officer of Volkswagen Ghana, the Ghanaian market imported a total of 120,000 vehicles but only 6000 vehicles were new with the rest being used cars.
What They’re Saying
“In Ghana, the total vehicles imported is 120,000, and out of these, 6,000 were new vehicles in 2023 and so you see a huge gap between new vehicles and the used vehicle market. Out of the new 6,000, 4,700 were assembled locally and this is coming from six different automobile assembling companies.” – Jeffery Peprah, the Chief Executive Officer of Volkswagen Ghana said on a morning radio show.
By The Numbers
Volkswagen Ghana has currently invested $54 million in the Ghanaian market and has established a local manufacturing plant. The investment has the potential of producing 140,000 cars in Ghana.
Between The Lines
Ghana currently has six automobile assemblers registered under the Ghana Automotive Development Programme (GADP), which include Volkswagen, Toyota, Rana Motors, Sinotruck, Japan Motors and Kantanka
The group has been calling on the government to restrict the importation of second-hand vehicles to grow the local industry.
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