Automotive Prices Falling in Ghana? Japan Motors CEO Explains Why

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Increased competition in Ghana's automotive assembly sector is helping to drive down vehicle prices, according to the Chief Executive Officer of Japan Motors Ghana, Salem Kalmoni.

Speaking at the final roundtable discussion of the 2026 Citi Business Festival, Mr. Kalmoni explained that imported vehicles into Ghana attract an effective tax burden of about 20% to 21.9%, made up of VAT and other levies.

He noted that recent VAT-related adjustments have contributed to some reductions in vehicle prices, while increased competition in the sector is also playing a key role in shaping market pricing.

The discussion formed part of broader conversations on Ghana's growing automotive industry and its impact on the economy.

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