Ghana: Access Bank collaborates with Mac Autos to improve vehicle ownership

By InstinctBusiness Feb 23, 2024 0

Access Bank Ghana has signed a Memorandum of Understanding (MoU) with Mac Autos & Spare Parts Ghana Limited and MG Auto Trading Ghana Limited to enhance accessible and affordable vehicle ownership in Ghana.

This collaboration addresses the transportation challenges encountered by individuals, aiming to provide solutions for easier access to vehicles in Ghana.

Under the terms of the agreement, Access Bank will facilitate clients’ vehicle purchases from Mac Autos by providing upfront loans, thereby streamlining the buying process.

Kafui Bimpe, Group Head for Business Banking at Access Bank, emphasized during the event that the partnership extends beyond simply automotive transactions. It’s about empowering individuals and driving economic growth in Ghana by providing opportunities for financial empowerment and development.

During the event, Kafui Bimpe, Group Head for Business Banking at Access Bank, underscored that the collaboration goes beyond mere automotive transactions. It aims to empower individuals and spur economic growth in Ghana by creating avenues for financial empowerment and development.

Mr. Bimpe, speaking to the media after the event, stated, “Our objective is to reduce challenges faced by the mobility sector, and we entered into this partnership because we believe we’ll be able to negotiate a good deal with customers. We’ll offer them discounts they cannot negotiate, and we will also take away the challenge of financing. Everybody wants to buy a new car, but finding the money to buy it is difficult. That’s why we are entering into this partnership—to provide funding so they can purchase these new cars.”

Meanwhile, Raman Malhotra, the Country Head of Mac Autos, expressed his enthusiasm about the partnership in an interview with Citi News. He emphasized that the collaboration will create opportunities for individuals facing financial difficulties to fulfill their aspirations of owning new cars.

He urged Ghanaians to utilize their services, highlighting their commitment to efficiency and affordability.