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Automobile hubs to be established in Ghana

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Automobile dealers who gave this hint explained that the tax cuts will ensure products are imported into Ghana at a reduced price with no or little losses.
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Automobile hubs may be established in Ghana within the next five years following the reduction in taxes on imports.

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Senior Marketing Specialist, Africa Region of UAZ Motors, Natalia Buryak said: “For the moment, we are looking for a reliable partner here and we found universal motors here to develop our business. Because we think that Ghana has great possibilities in the automobile market. Most especially now that taxes on imports have been slashed.”

“So in future, we will build an assembling plant here, probably in the next five or six years,” she added.

She indicated that until they establish an automobile hub in Ghana, they will continue to import the spare parts needed by their clients in Ghana.

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“For now we would like to establish a dealers’ center of vehicles to make a center of after sales service to make a stock of spare parts and other things.”

In an interview with Accra-based Citi FM, Madam Natalia Buryak said the move will also solve the unemployment issues facing the country.

“When the hub is established, we will employ numerous Ghanaians and this will also solve to an extent the unemployment issues some Ghanaians face,” she stated.

In the first budget presented by the Nana Addo-led government, they scrapped the 1% import levy.

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There were about eight more tax cuts and four tax reviews in the 2017 budget read by the Minister of Finance Ken Ofori Atta.

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