{"id":63402,"date":"2023-05-03T10:27:32","date_gmt":"2023-05-03T10:27:32","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/05\/03\/nana-outdoors-kia-assembling-plant\/"},"modified":"2023-05-03T10:27:32","modified_gmt":"2023-05-03T10:27:32","slug":"nana-outdoors-kia-assembling-plant","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/05\/03\/nana-outdoors-kia-assembling-plant\/","title":{"rendered":"Nana Outdoors Kia Assembling Plant"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\u00a0<\/p>\n<p>President Akufo-Addo yesterday commissioned yet another vehicle assembling plant in Ghana, Kia Vehicle Assembly Plant.<\/p>\n<p>It brings to nine the total number of vehicle assembling plants set up in Ghana under the Akufo-Addo-led NPP administration.<\/p>\n<p>The rest include VW, Toyota, Isuzu, Nissan, Peugeot, Hyundai, Shanghai and SE Auto which were established earlier.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone  wp-image-398627\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/05\/kia-motors-2-300x192.jpg\" alt=\"\" width=\"766\" height=\"490\"  \/><\/p>\n<p>Speaking at a colourful ceremony at Amasaman in Accra yesterday, the President assured players in the domestic vehicle assembling industry in Ghana that his administration will pursue policies that will stimulate patronage of their vehicles by both government and the citizenry.<\/p>\n<p>He stressed the fact that government alone cannot purchase all the vehicles being assembled in Ghana, and thus emphasised the need to develop policies that will enable the ordinary citizen to buy locally assembled vehicles.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone  wp-image-398628\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/05\/kia-motors-3-300x200.jpg\" alt=\"\" width=\"765\" height=\"510\"  \/><\/p>\n<p>That notwithstanding, he said, \u201cI have directed the Chief of Staff at the Office of the President, the prioritisation of the procurement of domestically assembled vehicles by state institutions to fulfil government\u2019s commitment in patronising made in Ghana products.<\/p>\n<p>To stimulate demand for domestically assembled vehicles, President Akufo-Addo indicated that his administration \u201cwill soon be rolling out an asset based vehicle financing scheme as it exists in other developed economies to afford Ghanaians the opportunity to purchase vehicles from the Ghana Automotive Development Programme.\u201d<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone  wp-image-398631\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/05\/kia-300x200.jpg\" alt=\"\" width=\"765\" height=\"510\"  \/><\/p>\n<p>That, he said, was part of the reasons for implementing the zero rating of VAT on the sale of domestically assembled vehicles.<\/p>\n<p>This means that there is no VAT on the sale of domestically assembled vehicles, even to the end user, to make them affordable.<\/p>\n<p>\u201cWe will continue to do our part to position Ghana as a strategic partner in helping the continent achieve the target of assembling 1.5 million vehicles per annum by the end of 2023, as projected by the Association of African Automobile Manufacturers and to take advantage of the African Continental Free Trade Area (AfCFTA) whose Secretariat is located in our capital, Accra to exploit the bigger African market for domestically assembled vehicles,\u201d he said.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone  wp-image-398629\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/05\/kia-motors-5-300x200.jpg\" alt=\"\" width=\"764\" height=\"509\"  \/><\/p>\n<p>Meanwhile, the President has also hinted that the Minister of Trade and Industry will soon be submitting to Cabinet for approval the Ghana Automotive Component Manufacturing Policy (ACMP), which will outline incentives to attract investors into the component manufacturing sector.<\/p>\n<p>The policy, according to President Akufo-Addo, will also support \u201cartisans in Suame, Kokompe, and other enclaves to upgrade their capacity to fit seriously in the automotive industry.\u201d<\/p>\n<p><strong>By Charles Takyi-Boadu, Presidential Correspondent<\/strong><\/p>\n<p><!-- AI CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 President Akufo-Addo yesterday commissioned yet another vehicle assembling plant in Ghana, Kia Vehicle Assembly Plant. It brings to nine the total number of vehicle assembling plants set up in Ghana under the Akufo-Addo-led NPP administration. The rest include VW, Toyota, Isuzu, Nissan, Peugeot, Hyundai, Shanghai and SE Auto which were established earlier. Speaking at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":63407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-63402","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nana Outdoors Kia Assembling Plant - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/05\/03\/nana-outdoors-kia-assembling-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nana Outdoors Kia Assembling Plant - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"\u00a0 President Akufo-Addo yesterday commissioned yet another vehicle assembling plant in Ghana, Kia Vehicle Assembly Plant. 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