Because of Akufo-Addo Ghana now has a VW assembling plant
Ghana now has a VW assembling plant: Volkswagen’s first locally assembled car in Ghana is ready. Trade and Industry Minister, Alan Kyeremanten, has inspected the car.
The first phase of local assembling of cars by global automobile giant, Volkswagen, started in Accra between March and April 2020.
The auto manufacturing company signed a Memorandum of Understanding (MoU) with the government of Ghana in 2018 to begin the process of establishing an assembling plant in the country to serve the West African sub-regional market.
Excellent. MoU was signed when ???????? Chancellor Angela Merkel visited Ghana in August 2018. Huge step and vibrant ???????????????? partnership! https://t.co/gSqudqPLrg
— Christoph Retzlaff (@GermanAmbGhana) June 14, 2020
The assembling plant in Accra is expected to produce about 5,000 units of vehicles every year with plans to increase production depending on the market demand.
Volkswagen already builds vehicles in Kenya and recently opened another car plant in Rwanda as part of its expansion project in East Africa.
The Rwanda project was the first of such plants in the East African nation expected to led to the building of up to 5,000 cars per year.
Ghana has said it was prepared to offer car making companies Volkswagen and Nissan tax breaks of up to 10 years.
The move to offer such car makers tax breaks is considered an incentive enough to get them to execute their plans.
Setting up local manufacturing plants in Ghana, according to the government should grow its economy and create jobs.