Nana Addo Dankwa Akufo-Addo, the President of Ghana has said that the Ministry of Trade and Industry is working with other state institutions, such as Ghana Integrated Aluminium Development Corporation (GIADEC) and Ghana Integrated Iron and Steel Development Corporation (GIISDEC), to develop locally the required raw material value chains to feed the manufacturing sector of the automobile industry.
He assured that Government will continue to create the enabling environment to boost the profitability of the emerging automotive sector in Ghana.
He said this when he commissioned the Toyota Tsusho Vehicle Assembly Plant, which is assembling some models of Toyota and Suzuki vehicles in the country.
Nana Addo Dankwa Akufo-Addo revealed that Government has also acquired a building complex at the South Industrial Area, in Accra, to be developed as the Ghana Automotive Development Centre, which will, amongst others, serve as a one-stop support destination for the implementation of the Auto Policy, and be a hub for the development of advanced skills for the industry.
The complex will also house the Ghana Automotive Development Council, a consultative stakeholder body, to oversee the auto policy implementation, and promote Ghanaian participation in the development of the sector.
In addition to the attractive fiscal and non-fiscal incentives offered to investors in the auto sector, Government, in promoting the patronage of locally assembled vehicles, has directed all State institutions to purchase locally assembled vehicles to demonstrate Government’s commitment to supporting “Made in Ghana” vehicles.
Source: Mybrytfmonline.com/Kofi Atakora
