The Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, met with stakeholders at the Suame Magazine Industrial Development Organization (SMIDO) in Kumasi. The engagement, aimed to discuss the proposed amendment of the law prohibiting the importation of salvaged vehicles into the country.
The law, passed in March 2020, was intended to incentivize automotive manufacturers and assemblers registered under the Ghana Manufacturing Development Programme. However, artisans and importers argued that it hindered their businesses. The amendment seeks to address these concerns and create an enabling business environment for the growth of the automobile industry in Ghana.
Mrs. Ofosu-Adjare revealed that she has engaged with dealers in brand-new cars, second-hand vehicles, and assemblers to address their concerns ahead of the amendment. She assured SMIDO of the government’s commitment to supporting the industry’s growth, stating that the reversal of the law will make Ghana’s auto industry a major hub in the sub-region, contributing to the country’s economic growth.
Stakeholders, however, expressed some concerns. Kofi Adu, Chairman of the Suame Magazine spare parts dealers, cautioned against increasing duties on salvaged vehicles, which could discourage imports. Anthony Oppong, Chairman of GUTA in the Ashanti Region, emphasized the need for imported vehicles to meet safety standards and for the government to stabilize the local currency to strengthen businesses.
The proposed amendment is in line with President Mahama’s promise to remove the law banning the importation of salvaged vehicles. The government’s commitment to creating an enabling business environment is expected to boost Ghana’s automobile industry and contribute to the country’s economic growth.
Ruth Abla ADJORLOLO
