27.7 C
Accra
Tuesday, October 4, 2022

President Akufo-Addo assures Second hand Vehicle importers “Automobile Policy” will not cripple their business

Must Read

FEDCO pays 1.5 million cedis in premiums to cocoa farmers

By: Desmond Cudjoe Federated Commodities Limited, FEDCO, a licensed cocoa buying company has paid an amount of 1.14 million out...

KTU launches 25th Anniversary with call to equip graduates with marketable skills

By: Michael Kofi Kenetey The Koforidua Technical University, KTU has launched its 25th Anniversary in the Eastern region with a...

Trump sues CNN for $475m damages

SOURCE: African Editors Former US President Donald Trump has sued cable TV Network CNN, claiming defamation and seeking punitive damages...

President Akufo-Addo, has assured Importers of second hand vehicles that government’s Automobile Development Policy, is not aimed at destroying their livelihoods. He said the Policy will create jobs, enhance skills and build a self-reliant automobile industry in Ghana.

President Akufo -Addo, gave the assurance when the Asset and Vehicle Dealers Union of Ghana, called on him at the Jubilee House.

In his first public appearance after going into a 14-day self-isolation on the advice of his doctors, the meeting with the Vehicles and Asset Dealers union of Ghana was to thrash out some aspect of the automobile law which according to them will take them out of business.

President Akufo-Addo assured the Union that Government will make sure their livelihoods are protected while ensuring less dependency of foreign imports. He said the COVID 19 pandemic has reinforced the need for countries to be self reliant. He allayed fears of collapsing the importation of secondhand vehicles. President Akufo- Addo, noted that the automobile industry will be able to produce low cost vehicles for low income earners.

The delegation of Asset and Vehicle Dealers Union of Ghana was led by its General secretary, Joshua Opoku Agyeman. The Union was optimistic government will be able to address issues raised in the new automobile policy.

In attendance was the Minister of Trade and Industry, Alan Kyeremanteng who summarized the concerns of the Union on the new Automobile development policy.

The Government in 2018 signed a Memorandum of Understanding (MoU)  with  German car-maker Volkswagen to set up an Assembling Plant in Ghana. In June 2020 VW unveiled its first Ghana made VW Models.

Under the new Automobile development policy, other similar agreements have been signed with other car-makers namely Toyota, Nissan, Renault to establish Assembling Plants in Ghana.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

FEDCO pays 1.5 million cedis in premiums to cocoa farmers

By: Desmond Cudjoe Federated Commodities Limited, FEDCO, a licensed cocoa buying company has paid an amount of 1.14 million out...

KTU launches 25th Anniversary with call to equip graduates with marketable skills

By: Michael Kofi Kenetey The Koforidua Technical University, KTU has launched its 25th Anniversary in the Eastern region with a call on tertiary institutions to...

Trump sues CNN for $475m damages

SOURCE: African Editors Former US President Donald Trump has sued cable TV Network CNN, claiming defamation and seeking punitive damages of $475m, according to a...

“Freedom of Expression, Access to Information and Safety of Journalists: our Hallmark’’ says GJA and UNESCO

By: Rebecca Ekpe The right to seek Freedom of Expression, Access to Information and the Safety of Journalists are our Hallmark, says the Ghana Journalists...

PPP promises a ‘golden age of business’

SOURCE: GNA The Progressive People's Party (PPP) has promised a ‘golden age of business’ targeted at revamping ailing businesses and supporting free enterprises for an...

More Articles Like This