Ghana, 2 others offer vehicle assembly growth in Sub-Saharan Africa – Fitch Solutions

Outside South Africa, Ghana and Kenya offer the strongest near-term vehicle assembly growth in Sub-Saharan Africa (SSA). According to Fitch Solutions, Ghana are best positioned to attract new assembly investment over the medium term in Sub-Saharan Africa. “Ghana’s automotive industry remains smaller in scale but continues to benefit from supportive policy measures. The Auto Policy and local assembly incentives are encouraging investment, while improving consumer confidence should support demand growth”, it said. “We forecast production to rise from around 4,700 units in 2025 to approximately 4,900 units in 2026.

Although the expiry of the VAT exemption on locally assembled vehicles presents a near-term challenge, continued policy support should help increase local content and support gradual growth in assembly activity”, it added. The UK-based firm said recent developments also highlight growing confidence in Ghana’s assembly sector. In September 2026, Zonda Tec expanded its Tema assembly facility, increasing annual production capacity to 12,000 passenger vehicles, commercial vehicles and EVs and creating an estimated 1,000 jobs. While Ghana’s manufacturing base remains relatively small, Fitch Solutions said the expansion demonstrates continued investor willingness to scale production capacity in the market. Regional Integration Could Become Important It added that regional integration could become increasingly important for both…