Ghana, Germany signs agreement to develop the automotive sector

The Ministry of Trade and Industry and German Federal Ministry for Economic Cooperation and Development (BMZ), ‘Invest in Jobs’ initiative have signed an agreement to promote the automotive sector and support the development of industrial parks in Ghana.

The initiative is a brand for the Special Initiative on Training and Job Creation.

It is implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH among other partners.

The cooperation will contribute to the development of selected industrial zones and parks, in collaboration with local and international parks developers.

An amount of 540,000 Euros is being invested – through a financing agreement, to support industrial park development and to establish an Automotive Desk at the Ministry

The grant agreement was signed by Regina Bauerochse Barbosa, country director of GIZ Ghana and Patrick Yaw Nimo, the chief director of the Ministry of Trade and Industry.

At the ceremony, the German Cooperation presented two vehicles, one each to the Ministry of Trade and Industry, and the Delegation of German Industry and Commerce in Ghana (AHK Ghana) with whom GIZ also has a cooperation agreement. Both VW Tiguan cars were assembled locally in Ghana.

Through the local assembly of vehicles, 3,600 direct and indirect jobs would be created in Ghana, and the addition of components and parts manufacturing will also add about 6,600 direct and indirect jobs.

By: Rainbowradioonline.com

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