The Finance Minister of Ghana, Ken Ofori Atta, in a budget reading to parliament on Wednesday 15th November, announced that the Finance Ministry would waive the import duty of electric vehicles (EVs) for public transportation in Ghana.
Details
In a public address, Mr Ken Ofori Atta stated that imported vehicles used for public transportation including electric buses, would enjoy an import duty waiver for up to 8 years.
Digging Deeper
The Minister also stated that all local assemblers of EVs in Ghana would also enjoy an import duty waiver for up to 8 years for parts imported for the assembly of EVs.
Why This Matters
The government of Ghana has been working on a policy framework to move public transportation from the use of petroleum fuels to electric vehicles. The government has been consulting with stakeholders since November 2022 on an Electric Vehicle Policy as part of Ghana’s broader strategy to reach net-zero emissions in the transportation sector.
By The Numbers
According to a report by the Ghana Revenue Authority, 17,660 Personal EVs were imported into Ghana between January 2017 and December 2021
Catch up on news and other tidbits on our WhatsApp Community Page, Twitter/X, and subscribe to our weekly newsletter to ensure you don’t miss out on any news.
