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Africa's automakers host component suppliers in Ghana as Nigeria's policy hobbles – Ghana Visions

Since
the coming into effect of its Automotive Development Policy (GADP) in October 2019, Ghana has been attracting the attention of the auto world with at least three of the biggest names in the industry now assembling vehicles in the country less than two years after.
This is coming at a time when Nigeria’s National Automotive Industry Development Plan (NAIDP) is on the slow lane with the assembly plants gasping for breath.
Last month, the African Association of Automotive Manufacturers (AAAM) followed the trend in Ghana by hosting an exploratory visit of automotive component manufacturers to the West African country. The objective was to introduce potential investors to the Ghanaian automotive market, and to Nigeria’s, which is bigger, with incomparably higher number of assembly plants. ....

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Reliance on used vehicles importation hinders African market

•As Nigeria’s automotive policy suffers setback
Reliance on used vehicles is hindering growth of Africa’s automobile market. This is projected to escalate for sub-Saharan Africa (SSA) in the next 15 years, implying that Africa’s demand for vehicles will likely continue to be met by other continents in the foreseeable future.
This was contained in a White Paper, by World Economic Forum (WEF), in collaboration with Deloitte, titled: “Connecting countries and cities for regional value chain Integration,” released on Tuesday.
Trade in used vehicles has variable effects on producers of new vehicles. In low-income countries (LIC), used-car imports often lead to depressed sales and lower prices for new vehicles, while in high-income countries (HIC) the effects may be trivial. ....

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