Amid the novel coronavirus, returns on Ghana’s petroleum funds has declined by 23.48 percent for the first half of 2020 from the income accrued during the same period of 2019.According to the semi-annual report on the Petroleum holding fund, for first half of 2020, the Ghana Petroleum Funds returned a net realized income of US$8.57 million compared to US$11.20 million in the same period 2019.The...
Kantanka Automobile Limited has started producing smaller cars in response to public calls, a Tweet by CEO, Kwadwo Safo Jnr, has suggested.
The young CEO has shared a photo of what appears to be an assembly plant for small vehicles with the caption: “Can you tell me what you see in this picture???”
Kankanka Automobile, a wholly-owned Ghanaian automobile company has been criticised by the public for producing expensive luxury vehicles.
While commending the founder of the company, Apostle Kwadwo Safo, for his ingenuity and unexplained deep knowledge in technology, many Ghanaians have expressed the view that producing smaller, less expensive cars would make better market sense.
Although the company has been producing cars for many years, patronage remains low.
But the company has strategised to meet the demands of the Ghanaian population.
The new strategy by Kantanka Automobile comes after German car-maker, Volkswagen last month unveiled new vehicles it has assembled at its assembly plant in Ghana.