Is Kanatanka Competing With Elon’s Tesla For The Automobile Industry?

Overseeing Director of neighborhood vehicle constructing agent, Katanka, Francis Kudjordzi, has contended that his outfit’s new kinds of vehicles are not because of the specialty car market made by the administration up until this point.

The vehicle organization has equipped to start the amassing of around 500 little vehicles.

“We pondered this well before the idea for a car market. We are not in rivalry with any of the car organizations in the nation. This activity is to react to the item need of our lower center salary workers,” he revealed to Joy Business.

These vehicles come in the scope of a manual gearbox just as an electronic programmed gearbox fueled by lithium batteries.

“With just ¢45,000, you can get one of these little vehicles that come in manual and electronically controlled programmed gearboxes. We have gathered them for intercity transportation and not wide open ventures,” he included.

Then, Kantanka needs a capital infusion of $100 million for extension works.

Mr Kudjordzi, said the organization is likewise investigating “potential associations” in the coming months.

“We are growing in the months ahead. For the time being, we need a speculation capital of about $100 million. This is vital exactly when request is quick expanding and our piece of the pie is growing,” he uncovered.

Effectively, some vehicle monsters have set up gathering plants in the nation after government declared the car charge that sets the inside stage for the nation’s specialty car industry.

Occasions began coming to fruition in August 2018 when German Chancellor, Angela Markel, paid a notorious visit to Ghana for an association to have German car goliath – VW, build up a vehicle get together plant in Ghana.

“We are keen on putting resources into Ghana. I’m glad to state we are marking a MoU with the legislature of Ghana and our car goliath, VW taking the front.”

Up until now, VW has outdoored an assortment of its recently amassed vehicles in Ghana with the cost pegged at ¢60,000 that is for a pristine VW vehicle.

As per the Trade Minister, Alan Kyerenmanteng the accumulation of a car bill is a distinct advantage for Ghana and the remainder of West Africa.

“What’s going on implies a ton for the economy. It will diminish our import bill of $10 billion for each anum. Our thirty driving imports establish a lump of this sum.

Out of this 30, the main three is driven by the importation of vehicles. The foundation of the vehicle business is the best arrangement”

Never miss the point, VW is only one of numerous other vehicle goliaths hustling to set up vehicle get together plants in the nation. Suzuki, CFAO, and Toyota are among different contenders.

“We discover Ghana as the correct spot to put resources into the vehicle business. We came to know from Toyota that Ghana has presented another car strategy.

“We are exceptionally keen on taking an interest in this activity General Manager for the Middle East and Africa of Suzuki Motor,” Koyote Suzuki uncovered.

With 30 percent partakes in Ghana’s vehicle space, Toyota is up for some opposition as it centers around a nearby collecting point in the nation.

Head of deals activities of Toyota Ghana, Andrew Lamptey discloses to Joy Business, “it is our obligation to guarantee that each Ghanaian who needs to possess a vehicle gets one. We are resolved to bundles that will make the vehicle moderate and effectively available to all Ghanaian”.

Effectively, nearby vendors in recycled vehicles feel undermined by the administration’s aggressive move for a car industry.

Whirlpool Kusi is a second vehicle seller who minced no words hitting the administration for going in for global monsters.

“In the event that you are an administration getting a constructing agent – we have these large vehicle organizations coming in – permitting them to work with free obligation for a long time. What are we picking up as a nation? The vehicle individuals in Ghana will be kicked bankrupt. It has neither rhyme nor reason,” he mourned.

Notwithstanding, President Akufo Addo has been clarifying the purpose behind this move.

To him, opening the space for solid rivalry and allowing Ghanaians the choice to buy moderate spic and span vehicles are the only thing that is in any way important.

Then, the Automobile Dealers Union of Ghana is undermining a cross country exhibit against the administration’s turn.

With Ghana’s recycled vendors numbering thousands, disturbances in their flexibly could influence work numbers.