Report reveals Ghana has the lowest import duties on vehicles in Sub-Saharan Africa

Report reveals Ghana has the lowest import duties on vehicles in Sub-Saharan Africa

Reports reaching YEN.com.gh indicates that Ghana boasts of the lowest import duties in Sub-Saharan Africa.

Ghana’s low import duty on vehicles, coupled with a favourable regulatory environment, will make it easier for automakers to operate in this market, international ratings agency Fitch has said.

“Ghana also boasts a large driving-age population, scoring 62.9 out of a possible 100, which elevates the country's reward potential in the long term and highlights the growth potential for automakers entering its market”, Fitch said in its latest research on “Sub-Saharan Africa Autos Sales: Rewards Remain Too Low to Justify Undertaking Risks.”

A photo of a fleet of cars

Source: cars.usnews.com
Source: UGC

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Thefinderonline.com reports that Mauritius placed first in the Fitch Autos Sales Risk/Reward Index (RRI) for the Sub-Saharan region.

It was followed by South Africa in second and Botswana in third place. However, they struggle to break through into the top 50 countries globally as Mauritius only manages to achieve 69th position.

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Source: Yen.com.gh

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