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.
The agreement comes in response to the challenges individuals face regarding transportation.
The agreement will ensure Access Bank helps clients buy cars from Mac Autos by offering an upfront loan.
Access Bank Group Head for Business Banking, Kafui Bimpe, speaking at the event, said the collaboration transcends the realm of automobiles and is about empowering individuals and catalysing the growth of the Ghanaian economy.
He described Mac Autos & Spare Parts Ghana Ltd and MG Auto Trading Ghana Limited as instrumental in providing top-notch spare parts and iconic brands.
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.”
He also disclosed that Mac Autos & Spare Parts Ghana Ltd and MG Auto Trading Ghana Limited will provide a 10 percent discount to customers, while Access Bank will offer a competitive interest rate as part of the deal.
Meanwhile, the Country Head of Mac Autos, Raman Malhotra, speaking to Citi News, expressed his excitement about the partnership, asserting that it will open doors for individuals who aspire to purchase new cars but are challenged by financial crises.
He called on Ghanaians to patronize their service for efficiency and affordability.