In a bid to promote and support the growth of the automobile industry and address challenges facing trade facilitation in Ghana, the Chamber of Automobile Dealership Ghana (CADEG) has issued a rallying call for the creation of a thriving ground conducive to the industry’s prosperity.
The President of CADEG, Nana Adu Bonsu, made the call during a stakeholder’s meeting at the Golden Tulip Hotel in Kumasi. It was organised by CADEG in collaboration with the Customs Division of the Ghana Revenue Authority (GRA).
The National Chairman of CADEG, Mr Eddie Kusi Ankomah; Executive Secretary of CADEG, Mr. George Dumenu; among a host of other national executive members of CADEG, also addressed the conference.
Similarly, they called on stakeholders, particularly the Customs Division of GRA to put in quick measures to facilitate trading on the various corridors in the country, especially on the Accra – Kumasi corridor to boost trading activities in the Ashanti Region where several complaints were coming from.
Nana Adu Bonsu further stressed the need to facilitate a conducive business environment that fosters innovation, investment, and job creation within the automobile sector.
He emphasised the importance of establishing a favorable ecosystem for the automobile industry since it plays a critical role in the economic development of any nation.
He reiterated the need for streamlined government policies and regulations to promote growth and investment in the industry. He, therefore, called for a reduction in import duties on automobiles and spare parts, as well as the implementation of favorable tax systems.
These measures, according to him, will attract more investors and encourage local production, leading to increased employment opportunities and a boost to the economy.
“Today, I have the privilege of standing before you not just as the President of the Chamber of Automobile Dealership Ghana (CADEG), but as a passionate advocate for the growth and prosperity of our industry. Let’s collectively address the pertinent challenges that are impeding our progress. The automobile industry in Ghana holds immense potential. It has the power to drive economic growth, create employment opportunities, and contribute to the development of our great nation,” he stressed.
The CADEG President, however, bemoaned that the automobile industry finds itself at crossroads, facing obstacles that threaten to stifle its growth and progress.
“Are we truly fostering an environment that nurtures the potential of our industry? Are we removing the roadblocks that stand in our way? These questions demand our attention and require us to come together in unity and determination,” he indicated.
Nana Adu Bonsu further indicated that it is time to take a step back and reflect on the path the industry is currently treading.
“The challenges we face are multifaceted, ranging from cumbersome trade procedures and complex regulations to corrupt practices that erode trust and hinder progress. We cannot afford to ignore these issues any longer. We must confront them head-on, armed with innovative ideas, collaborative efforts, and an unwavering commitment to change,” he emphasised.
The CADEG President also revealed that the chamber is actively engaging with government officials, policymakers, and other stakeholders to advocate for these measures.
With collaborative efforts and actions, he believes, the automobile industry can flourish to contributing significantly to Ghana’s economic development and positioning the country as a key player in the regional automotive sector.
“Let us challenge the status quo, embrace new ideas, and foster an environment where innovation flourishes. The success of our industry hinges on our collective will to effect change and surmount the challenges that lie before us. Let us not only identify the hurdles that obstruct our path but also envision a future where the automobile industry thrives, where our businesses flourish, and where our contributions to the nation are celebrated,” Nana Adu Bonsu stated.
The President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, also appealed to the Attorney General and Interpol International to find an international arbitration and legal system to help victims of ‘stolen vehicles’ to retrieve their moneys.
According to him, such a legal system would help keep the victims, who were mostly third party buyers, in business.
“There is, therefore, the need to find an effective mechanism that will help dealers to identify and make stolen cars difficult to be shipped. It will also save a dealer unnecessary cost of shipment, duty payments and other inconveniences only for the cars to be seized on arrival, which does not augur well for the economies of the business community and the nation at large,” he said.