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Kantanka Not Scared of Competition, Only need good policies – CEO

The official announcement by the President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo welcoming a decision by the German car manufacturing giant, Volkswagen, to establish a vehicle assembly plant in Ghana has led to a mix feeling among the people of the country both home and abroad.

According to the President, an agreement between Volkswagen, the Government of Ghana, and a local Ghanaian company for the assembly, and, ultimately, the production of automobiles in Ghana has been reached, after a business meeting between officials from Ghana and a German business delegation.

While certain groups of Ghanaians are bashing the government for neglecting the only surviving locally manufactured automobile Company owned by the genius technologist of our time, widely known as Apostle Dr. Ing. Kwadwo Safo, other section of Ghanaians have challenged Kantanka Automobile to get ready and embrace the new competition the western automobile companies ready to establish their assembling plant in the country will be poising.

According to the CEO of the Kantanka Auto Company Kwadwo Safo Jnr, his company is never scared of the most talked about competition that will be poised by the upcoming auto companies to be established in the country. He continued, ” I simply want better policies for our automobile industry in the country”.

The CEO Kwadwo Safo Jnr, told Oilcitytoday in a press briefing by the company few weeks ago that, the major challenge confronting the company is the payment of duties on the vehicles, which are domestically manufactured.

The company pays 29.5 percent duty on every vehicle sold out, comprising five percent import duty, import VAT 17.5 percent and other charges constituting five percent, on completely knocked down vehicles (CKD) which attract no tax in other countries including Nigeria.

The CEO made it known that, he will continue to push hard for the right policies to be made for the Kantanka home made vehicles.

Check out the CEO tweet:

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