Business News of Wednesday, 16 October 2019

Source: www.ghanaweb.com

Kantanka doubles production to 250 units as demand in Nigeria soars

The company attributed the increase to high demand of cars from Nigeria The company attributed the increase to high demand of cars from Nigeria

Local car manufacturer, Kantanka Automobile has revealed that the company doubled its production capacity to some 250 units last year.

The company attributed the increase to the high demand of cars from neighbouring country, Nigeria as it produced some 400 cars to hit the market.

“Production is currently still on-going; we have doubled last year’s production and we have just recently added an order of 100 vehicles to hit the Nigerian market. We are expanding our facilities, our workshop and now we are also poised to produce more cars to hit the Ghanaian market as well,” General Manager of Kantanka Automobile, Francis Kudjordjie revealed to reporters.

However, in 2018, the company said that it secured about 13,000 orders from 3 African countries. This order, according to the Chief Executive, has been the company’s biggest order ever since production began.

The car manufacturer, earlier this year announced that it will commence the production of electric cars as it is ready to produce them in Ghana by the end of this year.

“By the end of this year, Kantanka will build electric cars that could travel between Accra to Kumasi before recharge. We intend to do that before this year ends,” Kwadwo Safo Kantanka Junior, Chief Executive Officer of Kantanka Automobile earlier stated.

According him, the move will demonstrate to Ghanaians the company’s readiness to adapt to technology that can stand the innovation and competition on the global stage.

GSA’s approval of vehicle parts and systems

The Ghana Standards Authority (GSA) in October this year approved 26 national standards for vehicle parts and systems to regulate the automobile industry with effect from next year, 2020.

The authority was assigned the responsibility in line with its statutory mandate to develop national standards for the automobile industry.