{
  "id": 7566947,
  "title": "Mahama urges banks to introduce long-term financing for locally assembled vehicles",
  "url": "https://urgent.news/2026/09/15/mahama-urges-banks-to-introduce-long-term-financing-for-locally",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-15T14:25:00.000Z",
  "source": {
    "name": "Adom Online",
    "slug": "adom-online",
    "url": "https://www.adomonline.com/mahama-urges-banks-to-introduce-long-term-financing-for-locally-assembled-vehicles/"
  },
  "original_language": "en",
  "account": "President John Dramani Mahama has called upon financial institutions to create long-term financing options for locally assembled vehicles in Ghana. The President emphasized that the growth of the automobile assembly industry must be supported by accessible financing solutions that enable salaried Ghanaians to purchase cars and repay the cost through regular salary deductions. Mahama made this plea during the commissioning of the third phase of the Zonda Tech Ghana Assembly Plant, stressing that the banking sector plays a crucial role in bridging the gap between vehicle production and ownership for the country's workforce. He highlighted that professionals in both the public and private sectors, such as doctors, teachers, and nurses, as well as employees in various industries, could afford locally manufactured vehicles if suitable credit facilities are made available. The President proposed the introduction of hire-purchase arrangements and other long-term credit schemes that would allow employees with steady incomes to acquire vehicles and make monthly payments over an agreed period. Mahama expressed government's readiness to collaborate with financial institutions and vehicle manufacturers to develop these financing instruments, aiming to make car ownership more attainable for employed Ghanaians. He noted that such arrangements would complement the expansion of local vehicle assembly and contribute to the development of a stronger domestic vehicle market.",
  "summary": "President John Dramani Mahama has urged financial institutions to develop long-term vehicle financing packages to enable more salaried Ghanaians to afford locally assembled cars. He said the growth of Ghana’s automobile assembly industry must be matched with accessible financing options that allow workers to acquire vehicles and repay the cost gradually from their salaries. President […]",
  "key_points": [
    "President Mahama urges banks to offer long-term financing for locally assembled vehicles in Ghana.",
    "Growth of automobile assembly industry needs accessible financing options for salaried Ghanaians."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}