Sign in
Download Opera News App



Credit card loan


Revealed: VW Low Fuel Consumption Vehicles For Teachers Auto Loan Scheme

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

By Nedved 

Content created and supplied by: Nedved (via Opera News )

Accra Ghana South Africa Universal Motors Limited Volkswagen


Load app to read more comments