Ghana, 2 others offer vehicle assembly growth in Sub-Saharan Africa – Fitch Solutions
According to Fitch Solutions, Ghana are best positioned to attract new assembly investment over the medium term in Sub-Saharan Africa.
Fitch Solutions predicts strong near-term vehicle assembly growth in Ghana and Kenya, outside of South Africa, in Sub-Saharan Africa. The UK-based firm highlights that Ghana's supportive policies, such as the Auto Policy and local assembly incentives, are encouraging investment growth, while improving consumer confidence supports demand.
Although the VAT exemption on locally assembled vehicles expires, Fitch Solutions expects production to rise from approximately 4,700 units in 2025 to around 4,900 units in 2026. The recent expansion of Zonda Tec's Tema assembly facility to 12,000 vehicles per year, creating 1,000 jobs, demonstrates investor willingness to scale production capacity in the market.
Fitch Solutions also notes that regional integration through the Africa Continental Free Trade Area's automotive framework could become increasingly important, as supplier networks remain relatively underdeveloped, supporting gradual growth in local manufacturing activity.
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