• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, April 30, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Vaultz Business

Hyundai Ghana recorded fifty percent sales plunge during lockdown restrictions

M.Cby M.C
October 14, 2020
Reading Time: 3 mins read
hg

Hyundai Ghana has disclosed that the COVID-19 pandemic has affected its activities and operations as a company, as they recorded a plummet in sales of over fifty percent.

According to the automobile company, this was further exacerbated by the lockdown restrictions imposed on the country which deepened the wounds on their business.

Regina Adams, the Showroom Manager of Hyundai Ghana, speaking in an interview during the presentation of some Personal Protective Equipment (PPE’s) to the Korle-Bu Teaching Hospital, intimated that the company was in good standing the preceding year.

“It has really affected our sales drastically, we performed better last year but this because Covid-19 came in three months into the year, [and] it really affected our sales.

“During the lockdown, a lot of customers were calling us, they needed vehicles, we had pending business to complete but we had to lockdown so we had to put everything on hold. Our Business really went down. Looking at how many vehicles we were selling a month, it went down like 50%”

She further indicated that the company’s sales started gaining some sparkle after the lockdown restriction was lifted.

ADVERTISEMENT

“Even after the lockdown, we came back. It was still not easy getting people to walk into the showroom because people were staying at home trying to keep safe, but last month and this month, it has been good. Sales is increasing gradually and we know by December things will get better”.

As part of efforts to support government in the fight against the COVID-19 pandemic, Hyundai Motor Company Limited, in July 2020, as well donated 15,000 face masks and 1,000 protective suits worth USD $52,000 to the Korle Bu Teaching Hospital.

According to the company, the donation is part of Hyundai’s commitment to support those in need in the sub-region and to aid the frontline health workers to combat the spread and eventual containment of COVID-19 in Ghana.

Speaking at the donation ceremony, Bang Sun Jeong, Vice President, Head of Hyundai Motor Company Middle East & Africa HQs, said, Ghana is one of the 37 countries that will benefit from Hyundai’s contribution of 16,000 items that will assist front-line medical workers and the public during these unprecedented times.

“Caring for humanity has always been at the heart of Hyundai’s vision and having assisted those in need in countries around the world, we are proud to expand our support to countries across the Middle East and Africa region that have been hardest hit by the pandemic.

 “The contributions of personal protection items are another step forward of making a positive difference and we believe if we work together, we can overcome anything. We hope this pandemic can soon come to an end and we can help people get back to their daily lives.”

Director of Medical Affairs, Dr. Ali Samba, upon receipt of the donation on behalf of the hospital was grateful for the initiative the government has taken so far in containing the situation, but indicated that, it was critical for other stakeholders to lend their support in flattening the curve and protecting the life of every Ghanaian.

This is among Hyundai’s initiatives to tackle COVID-19 globally which includes delivering emergency supplies to medical facilities in China, offering free transportation for the elderly and healthcare professionals in Brazil and providing a fleet of its vehicles to volunteers and self-isolating customers in the UK.

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Hyundai Ghanalockdown restrictionssales
Share24Tweet15Share4SendSend
Please login to join discussion
Previous Post

Cristiano Ronaldo tests positive for coronavirus

Next Post

Tax revenue on Domestic Goods and Services decline year-on-year by 22.7 percent

Related Posts

Dr. Awal Mohammed, Deputy Director-General of the GSA, with SLRSA Delegation
Vaultz Business

GSA Exports Regulatory Wisdom To Neighbors, Ends Era Of Unsafe Imports

April 29, 2026
Dr. Frank Amoakohene, Ashanti Regional Minister 
Vaultz Business

Ashanti Region Declares War On Female SME Barriers

April 29, 2026
Her Excellency, Prof Jane Naana Opoku Agyemang
Vaultz Business

Vice President Advocates For Industrial Reset To Empower Women

April 29, 2026
AGI, GRA Upfront VAT Relief Policy Workshop
Vaultz Business

AGI, GRA Target Rogue Manufacturers Exploiting VAT Relief Schemes

April 28, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

EU flag

EU To Subsidise Extra Cost Of Fuel For Farmers, Hauliers

April 29, 2026
Dr. Awal Mohammed, Deputy Director-General of the GSA, with SLRSA Delegation

GSA Exports Regulatory Wisdom To Neighbors, Ends Era Of Unsafe Imports

April 29, 2026
Ghana’s Construction Cost Inflation Extends 11-Month Downward Trend

Ghana’s Construction Cost Inflation Extends 11-Month Downward Trend 

April 29, 2026
US Evacuates Personnel From Middle East

Hegseth Faces Questions On Economic Costs Of War With Iran

April 29, 2026
Prof. Benjamin Betey Campion, Executive Director Fisheries Commission, at the 5th World Small-Scale Fisheries Congress

Campion Rejects Ad Hoc Support For Fishing Communities at Global Congress

April 29, 2026
Next Post
Dr. Ernest Addison - Governor of the Bank of Ghana

Tax revenue on Domestic Goods and Services decline year-on-year by 22.7 percent

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address