The Ghana Chamber of Clean Energy (GCCE) has highlighted seven key financing challenges confronting businesses in the country’s electric two-wheeler industry, warning that the funding constraints could hamper the sector’s expansion.
The concerns were raised at a stakeholder consultative workshop organised by GCCE in collaboration with the William Davidson Institute (WDI) at the University of Michigan in Accra on Tuesday, October 27, 2026.
The workshop convened manufacturers, assemblers, retailers, financial institutions and other players in the electric two-wheeler industry to discuss existing funding challenges and identify ways to improve access to financing.
A research team from the two organisations also presented seven preliminary funding gaps identified in the study.
Among the challenges highlighted were the limited application of announced import duty waivers for electric two-wheeler businesses and difficulties in securing follow-on investments after initial grant funding.
The study further identified other financing barriers, including companies having to use their own funds to finance riders, limited access to affordable loans in local currency and stringent lending conditions that many early-stage businesses find difficult to satisfy.
It also pointed to a gap between the asset-light business models favoured by equity investors and the actual financing requirements of electric two-wheeler companies.
In addition, information and expectation gaps between businesses and potential investors were cited as obstacles to securing capital.
In her opening remarks, GCCE’s Programmes and Outreach Manager, Emmanuella Biney, said addressing the challenges would require more than simply increasing the amount of funding available to businesses.
She stressed the need for tailored financing models, stronger collaboration among industry stakeholders and a favourable policy environment to boost investor confidence and improve businesses’ access to capital.
“It also demands appropriate financing structures, stronger institutional collaboration, and an enabling environment that strengthens investor confidence, facilitates greater access to financing, and accelerates the adoption of electric two-wheelers in Ghana, contributing to cleaner air and a more sustainable transport sector,” she said.
Ms Biney emphasised that tackling the financing challenges would require collective efforts, noting that no single institution could address them in isolation. She called for closer coordination among government, financial institutions and industry players.
Participants subsequently split into working groups to review the seven preliminary findings, identify other financing obstacles and recommend practical solutions.
The discussions centred on improving cooperation among government agencies, financial institutions, electric two-wheeler businesses and other stakeholders to broaden access to financing and accelerate the growth of the industry.
The outcomes and recommendations from the workshop will form the basis of a joint public report to be prepared by GCCE and WDI.
The report is expected to shape the chamber’s engagements with government, financial institutions and industry stakeholders on policy reforms and financing solutions to address the identified challenges.
Electric two-wheelers are increasingly gaining attention as part of Ghana’s shift towards cleaner transportation, with the potential to reduce emissions and create employment opportunities. However, the financing constraints highlighted in the study could slow business expansion and limit the sector’s ability to reach a wider consumer base.
