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Business News of Monday, 3 September 2018


Kantanka can produce 200 vehicles a month – CEO

Local car producer Kantanka has said it has the capacity to produce 200 vehicles in a month if the demand is available.

The claim comes on the back of the news that German car manufacturer VW is to establish an assembling plant in Ghana. The German Chancellor Angela Merkel disclosed the move when she visited the Ghanaian president last week. The company is expected to begin operations in Ghana next year.

Kantanka has however raised concerns over what they say is the hasty approach of government towards the VW agreement.

“We want to state emphatically that we welcome the news of VW setting up a plant here in Ghana. We are not against it. We are aware there will be competition, as there has always been and this is going to give us the marginal propensity to work hard and achieve our long term goals for mother Ghana and Africa.

“However, we are of the view that government has hastily signed the agreement without broad stakeholder consultations.

“We are shocked to learn that the Ministry of Trade and Industry is part of this deal and want to question the Minister’s position in the promotion of trade and industry in Ghana vis-à-vis the local automotive industry,” the company said in a statement.

Speaking to Francis Abban on the Morning Starr Monday, the CEO of the Kantanka group Kwadwo Safo also dismissed claims that they do not have the capacity to produce in large quantities.

“We will keep pushing the Kantanka brand till we see our Presidents and Government officials riding in them. We can make about 200 vehicles a month. When demand is high, we increase production”.

He added that they have an order from some African countries for the supply of some 1000 vehicles.

“On my table now, I’m to supply about 1000 vehicles to some African Countries”.