• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home highlights

Government to provide continuous support to nascent automobile industry in 2021 – Tesah Capital

4 years ago
in highlights, Home, home-news, latest News, Manufacturing, Transport
1 min read
0 0
0
97
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Asset Management Company (AMC), Tesah Capital, has shared its outlook on the country’s burgeoning automobile industry for 2021.

According to the AMC, it expects government to provide continuous support to the new industry via the introduction of new policies aimed at growing the industry and ultimately achieving its goal of making the country an automotive industrial hub to serve the larger West African Region market of more than 380 million people.

Government in March last year, made a strong case for the passage of the Automotive Industry Bill which formally laid the platform for Ghana’s automotive industry.

The passage of the bill was done through an amendment to the Customs Act, 2015 (Act 891), which provides some incentives to car manufacturers  and also places a ban on the importation of salvage cars and second-hand cars of more than ten years old.

According to government, the move is aimed at making Ghana the hub for Automotive Industry in the West African sub-region.

Already, Toyota and Suzuki have formally committed to set up car assembly plants in Ghana. This was after Nissan and Sinotruk also expressed interest in Ghana, with Volkswagen already launching some locally made cars.

Currently, Ghana has three assembling plants manned by Volkswagen, Kantanka and Japan Motors.

RelatedPosts

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

Recent reports indicate that Hyundai and KIA are also planning to set up assembling plants in the country this year.

In a report that highlights government’s key initiatives in the 2021 Budget Statement, Tesah Capital further sharing its outlook for the year 2021 with particular emphasis on trade and industry, noted it anticipates government to commence the construction of 49 factories under the 1D1F policy initiative to further strengthen Ghana’s industry base.

Already, some 162 factories according to the Trade Minister, Alan Kyeremanteng, have been completed and commenced full operations creating over 57,000 jobs – both direct and indirect – for the unemployed across the country.

Source: norvanreports
Tags: Asset Management Company (AMC)Automotive Industry Billburgeoning automobile industryTesah Capital
No Result
View All Result

Highlights

OPEC+ Nears Decision Point on Next Oil Output Hike

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Trending

Business

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

August 3, 2025

Multichoice Rebuffs Minister's Claim On DSTV Price Cuts, Cites Market Conditions MultiChoice Ghana has pushed back against...

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.