Market Share of Ghana Automobile Industry
The Ghanaian automobile market is dominated by a few players such as BMW, Daimler, Nissan, Mitsubishi, Volkswagen, and Toyota Motors. Several vehicle manufacturers are expanding their manufacturing facilities across the country, which is expected to enhance vehicle production during the forecast period.
- In October 2023, Ashok Leyland announced the completion of its maiden locally assembled Phoneix trucks at Rana Motors assembling plant in Accra. The company aims to take advantage of the government’s Automotive Manufacturing Development policy to ramp up its assembling activity in Ghana.
- In April 2023, Ghana’s Jospong Group, a major conglomerate in the country, announced its collaboration with the US-based ZeroNox, which specializes in the electrification of commercial vehicles, to launch a massive electrification project involving 1,000 rubbish trucks. Under the signed joint venture agreement, 1,000 rubbish trucks from Zoomlion, a subsidiary of Jospong, would be retrofitted with ZeroNox’s latest EV platform and LFP batteries.
- In August 2022, Volvo Group launched four new generation extra heavy commercial trucks, the Volvo FH, FH16, FM, and FMX, in Ghana.
- In March 2022, Silver Star Auto inaugurated an assembly plant in Tema, Ghana. The assembly plant produces the PEUGEOT 3008. It is also expected to produce the all-new LCV 1-ton pickup Peugeot Landtrek.
Ghana Automobile Market Leaders
Nissan Motor Co., Ltd.
Mitsubishi Motors Corporation
Toyota Motor Corporation
Volkswagen AG
Mercedes-Benz Group AG
*Disclaimer: Major Players sorted in no particular order
