RE: Toyota to Start production in Ghana2 Sep 2019 18:09
Also at the meeting were delegates from Sumitomo, I wonder why??
Mr Imai Toshimitsu told the Ghanaian delegation that the details and scope of work, including the volumes and models to be assembled in Ghana were contained in the MoU.
The decision to assemble Suzuki vehicles in Ghana follows the acquisition of a 4.9 per cent stake in Suzuki by Toyota Tsusho on Wednesday, August 28, making Toyota a principal shareholder in Suzuki.
"So, Suzuki products will be assembled and sold in Ghana. The cars which will be produced in Ghana are our core models for Africa and Ghana customers," Toshimitsu said
On his part, President Akufo-Addo stated that the signing of the MoU with Toyota Tsusho was in line with the government's vision of making Ghana an automotive hub for the sub-region and the entire continent.
He told the officials from the Japanese automobile company that the African Continental Free Trade Area (AfCFTA) presented a unique opportunity for the company to use Ghana as a base to reach the larger African market.
"We are attaching a great deal of importance to the initiative and development. We want to assure you that, whatever it is we can do on the side of the Ghana Government to provide you with the necessary support and assurance that the investment you are going to make in our country will be worth your while, you can count on us to do that," he said.
President Akufo-Addo spent most of the day holding bilateral meetings with officials from various Japanese conglomerates and organisations who expressed interest in investing in the Ghanaian economy.
Among them were officials from Marubeni Corporation, Sumitomo Corporation, JICA, and the Japanese External Trade Organisation (JETRO).
Present at the meeting were the Minister of Trade and Industry, Alan Kwadwo Kyerematen, Minister of Foreign Affairs and Regional Integration, Ms Shirley Ayorkor Botchwey, Minister of Communications, Ursula Owusu Ekuful, Minister of Environment, Science and Technology, Prof. Frimpong Boateng.
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