Home Business We will be placing up a transport sector recapitalisation programme – Bawumia

We will be placing up a transport sector recapitalisation programme – Bawumia


Vice President Dr Mahamudu Bawumia suggests government is hunting to set up the Transportation Sector Recapitalisation Undertaking must they be supplied the nod in the future December 2020 polls.

Talking at the launch of the New Patriotic Party’s 2020 Manifesto at Cape Coast, he said the Recapitalisation Undertaking will allow for industrial car operators to exchange their aged motor vehicles for new kinds which they would spend for in excess of an prolonged time period of time.

The Vice President said this has come to be essential as a outcome of the government’s craving to nurture the budding automotive market in Ghana to make the nation an automotive hub in the West African sub location.

“If you look at our transport sector, you are going to see that a ton of the cars, whether or not they are the taxis, no matter if they are the trotros or buses, are very aged. They are very outdated on the process.

“But we are developing an automotive business. What we want to make positive is not just that we are setting up the business but the persons here, the enterprise individuals the professional drivers and so on should be ready to own these vehicles.

“So we are placing up a transportation sector recapitalization project so that we introduce a federal government backed lease-to-possess plan wherever the current professional motor vehicle operators can in essence exchange their aged automobiles for new cars and pay out over time due to the fact these autos are likely to be assembled or made in Ghana,” he discussed.

Dr. Bawumia stated that simply because the cars are heading to be produced in the place there would be no have to have for the normal import obligations and so forth that have plagued car or truck importers for a very long time.

He additional that to help commercial motor vehicle operators obtain the money to purchase these motor vehicles, the govt will be bridging the gap “between the makers of the car or truck and the people of the automobiles by providing a governing administration-bank scheme so that each and every trotro driver who wishes to exchange their vehicle for a new just one will be ready to shell out over time.”

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