VW to Manufacture Low Fuel Consumption Vehicles For Teacher’s Auto Loan Scheme
Volkswagen is expanding its footprint in Sub-Saharan Africa with the official opening of a vehicle assembly facility in Accra, Ghana. With this engagement, Ghana becomes the fifth Volkswagen vehicle assembly location in Sub-Saharan Africa; the other locations are in South Africa, Kenya, Nigeria and Rwanda.
Universal Motors Limited, a licensed Volkswagen importer since 2005, has been awarded the assembly contract for the initial phase of the project. The Universal Motors facility in Accra has an installed capacity to assembly 5,000 units per annum.
Volkswagen to manufacture a low fuel consumption vehicles for teachers on a hire purchase. When the company is granted some tax incentives, they will be able to produce on a large scale 1.6 engine capacity vehicles for teachers auto loan scheme.
The VW Vento and Polo models are small but powerful car that will be affordable for teachers to purchase through teachers loan scheme.
The cheapest VW vehicles in Ghana is around GHS60,000. In a large scale production the cost can be reduced. Government subsidy and tax incentives will bring the price down as low as GHS45,000- GHS50,000
Teacher Unions Auto loan schemes is to help teachers to own a car.
It will also serve as employment to Ghanaians
Employment opportunities will reduce inequality and prevents relative poverty from those who are unemployed. Full employment will improve business and consumer confidence which will encourage higher growth in the long-term
Content created and supplied by: Nedved (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More