Ghana chamber seeks industry-wide financing collaboration
The Ghana Chamber of Clean Energy is pushing for joint efforts to overcome funding hurdles in the electric two-wheeler sector.
The Ghana Chamber of Clean Energy (GCCE) is calling for increased collaboration between government, financial institutions, and industry players to address financing challenges in Ghana's electric two-wheeler sector. Ms. Emmanuella Biney, GCCE Programmes and Outreach Manager, stated that solving these constraints requires more than just capital, but also suitable financing structures, stronger institutional ties, and supportive policies to boost investor confidence.
Ms. Biney made these remarks at a stakeholder workshop in Accra on Tuesday, organized by the GCCE and the William Davidson Institute at the University of Michigan. The event gathered manufacturers, assemblers, retailers, and financial institutions to discuss funding barriers and explore policy solutions. Ms. Biney emphasized that no single entity can solve these issues, necessitating coordinated action.
The workshop identified seven preliminary financing gaps, including the limited implementation of import duty waivers for electric two-wheeler companies and difficulties in securing follow-on investment after grant funding. Other issues highlighted were limited access to affordable local-currency debt and an information gap between companies and capital providers. Findings will inform a joint GCCE and WDI report to guide policy and financing measures for electric mobility businesses.
Why it mattersGhana's emerging electric two-wheeler industry faces financing challenges that hinder its growth and investor confidence.