Four more vehicle assembling plants coming soon, gov’t claims

On October 20, 2021, 10:52 AM

The Deputy Minister of Trade and Industry, Nana Ama Dokua Asiamah-Adjei, has stated that the government will soon commission four new vehicle-assembling plants in the country.

According to the minister, the coming on board of these four vehicle-assembling plants, in addition to the Volkswagen, Toyota, Nissan, Sinotruck plants and Katanka (Ghanaian owned vehicle assembly and manufacturing company), would bolster the country’s position as a car-manufacturing hub in West Africa.

Nana Asiamah-Adjei, who was speaking at the two-day Ghana Economic Forum, attributed the establishment of these vehicle-assembling plants to Ghana’s Home-Grown Automotive policy.

She said, “our home-grown automotive policy is among the best on the continent. The evidence is this; we have two major vehicles assembling plants in Ghana by major brands and four more in the pipeline to be commissioned soon.”

“The development of the policy is premise on the fact that the automotive assembling and component manufacturing industry is universally recognised as key strategic sector for stimulating multiply effects in terms of industrial transformation and as a powerful driver of employment, foreign investments, innovation and economic growth.”

“One key theme that stands out of our auto policy in respect of home-grown characteristics is its focus on component manufacturing which is designed to ensure that a local supply chain and parts are manufactured for the auto industry”, she pointed out,” she emphasised.

The deputy minister said, there were inherent challenges in the government’s pursuit of making Ghana a giant automotive hub, and contributes significantly economic development, but the government was committed to dealing with them.

“When we started signalling our quest for the automotive industry, we have not been deterred by the doubts and mediocrity, fear and lack of sense of purpose, nor have we been derailed by pessimism and the shout on the roofs tops by naysayers.”

“I have however, been encouraged by a personal conviction that we have as a country with a common purpose to achieve unimaginable feat and as a beacon of Africa lead development agenda for the continent,” she stated.

“Taking cognisance of the fact that all these policies are highly driven by investments, the Ministry of Trade and Industry is currently coordinating business regulatory reforms programmes to improve the business environment for doing business in Ghana,” she disclosed.

The deputy minister explained that the programme has been highly underpinned by an aggressive digitisation drive, whose two key components follow a direct digitisation approach with emphasis on providing easy access to policy and process regulations.

The two programmes are the electronic registration (e-registration) of business registration and public consultation portal, a web portal that enable policymakers easily consult affected businesses and individuals in a transparent and timely way.

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Story By Francis Ntow