Nana Akufo-Addo is expected to commission Toyota Tsusho Corporation (“Toyota Tsusho”) in Tema today.
The new plant will be constructed in Tema (30 km from the capital city of Accra) at an investment cost of approximately 7 million US dollars, and there are plans to hire approximately 50 new employees.
Toyota Tsusho took over all business and operations in Africa from Toyota Motor Corporation in January 2019 and has been reinforcing initiatives in Africa. With the establishment of TTMG, Toyota Tsusho Group will have vehicle production sites in five African countries following Kenya, Egypt, Nigeria, and Rwanda.
In addition to engaging in the automobile sales business, Toyota Tsusho will perform local production tailored to market needs, contributing to the development of the automobile industry in Africa.
This project is being implemented under the Memorandum of Understanding regarding a partnership for the development of the automotive industry executed by Toyota Tsusho and the government of Ghana at the Seventh Tokyo International Conference on African Development (TICAD7), which was held in Yokohama in August 2019.
A first for a Japanese company in Ghana acquired a license for a vehicle assembly business in November 2020.
The planned production capacity of the new plant is 1,300 units annually, and the plant is going to conduct SKD* production of the Toyota Hilux pickup truck.
Source; mybrytfmonline.com/ Kofi Atakora
