GCCE and WDI hold stakeholder consultations on financing Ghana’s electric two-wheeler industry

The Ghana Chamber of Clean Energy (GCCE) and the William Davidson Institute (WDI) at the University of Michigan brought together key stakeholders in Accra for a workshop on financing Ghana's burgeoning electric two-wheeler industry on October 27, 2026. The event aimed to identify financing gaps and discuss policy solutions to boost access to capital for manufacturers, assemblers, and retailers of electric two-wheelers.

GCCE's Programmes and Outreach Manager, Ms. Emmanuella Biney, highlighted that tackling the sector's financing challenges involves more than simply increasing capital availability. It requires appropriate financing structures, better institutional collaboration, and an enabling environment to ensure investors feel confident, can easily access funds, and accelerate the adoption of electric two-wheelers in Ghana for cleaner air and a more sustainable transport sector.

The joint research and advocacy initiative explored seven preliminary financing gaps, such as the delayed implementation of announced import duty waivers for electric two-wheeler companies, challenges in transitioning from grant funding to follow-on investments, reliance on personal balance sheets to finance riders, limited access to affordable local-currency debt, difficulty for early-stage companies in meeting lending requirements, equity investors' preference for asset-light business models, and persistent gaps in information and expectations between enterprises and capital providers.

During the workshop, participants validated these identified challenges, discussed additional barriers, and explored potential approaches to overcoming them. The discussions also centered on enhancing collaboration among government, financial institutions, electric two-wheeler companies, and other industry stakeholders to improve financing access and support the sector's growth.

The findings and recommendations stemming from the workshop will be compiled in a forthcoming public report jointly developed by GCCE and WDI. This report will guide GCCE's interactions with government, financial institutions, and industry stakeholders on policy and financing measures to address identified barriers and enhance capital access for electric mobility in Ghana.