Launch of Toyota and Suzuki vehicle assembly plant in Ghana

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A Toyota and Suzuki vehicle assembly plant has been commissioned by President Nana Addo Dankwa Akufo-Addo.

 

The assembly plant in Ghana will lead to the creation of more jobs since vehicles will be produced in the West African country. The new assembly plant will also reduce the use of foreign exchange in importing second-hand vehicles. Meanwhile, ‘made in Ghana’ cars will be exported to other African markets, bringing in more revenue.

 

At the commission, President Akufo-Addo said the government’s vision is to make Ghana a fully integrated and competitive industrial hub for the automotive industry in West Africa.

 

The President added that “we are very much on course” to achieving this vision. President Akufo-Addo added that Ghanaians will now be able to purchase new vehicles at more affordable prices since the cars will be locally assembled.

“Government will continue to create the enabling environment to boost the profitability of the emerging automobile sector in Ghana,” he said.

 

He said the Minister of Trade and Industry is working with other state institutions such as the Ghana Integrated Aluminum Development Corporation (GIADEC) and the Ghana Integrated Iron and Steel Developing Corporation to develop the required raw material value chains locally to free the manufacturing sector of the automobile industry.



Source – Jubilee House

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