The President of the Republic, Nana Addo Dankwa Akufo-Addo, has made it easy for Ghanaians willing to own cars to buy them without hassle.
With a number of car manufacturing corporations having established assembling plants in the country, the President has thought it prudent to put a scheme in place to help Ghanaians to be able to afford these locally manufactured vehicles.
“Government, in collaboration with Participating Financial Institutions (PFIs), to develop an Asset-Based Vehicle Financing Scheme for public sector workers to purchase locally assembled vehicles” the President said.
“This Scheme will make the acquisition of new vehicles more affordable” the President emphasized in his speech.
Car manufacturing companies such as Toyota, Nissan, Suzuki, Volkswagen and SinoTruck have set up their assembling plants in the country.
Though these plants are to serve not only Ghana but other West African states, President Akufo-Addo observed that Ghanaians must be the biggest beneficiaries of these industrial plants.
As already stated above, some financial institutions have been earmarked to, as a matter of urgency, develop schemes that will enable public sector workers to be able to purchase these assembled cars at affordable prices.
This would go a long way to help sustain the businesses of the car manufacturing companies, help the economy to grow, stabilize our local currency against the international ones and help public sector workers to work more diligently and efficiently.