President Akufo-Addo has today, Tuesday, 29th June 2021, commissioned the Toyota Tsusho Vehicle Assembly Plant, located at the Free Zones Enclave in Tema.
Speaking at the commissioning, the President said by assembling, and, ultimately, producing cars in Ghana, new and highly skilled jobs are being created.
He also posited that the use of foreign exchange to import second-hand vehicles will be reduced, and, at the same time, the exports of Made in Ghana cars to other African markets will earn our nation much-needed foreign exchange.
He added the vision is to make Ghana a fully integrated and competitive industrial hub for the automotive industry in West Africa, and we are very much on course.
President Akufo-Addo said the plant will help make the acquisition of new vehicles by Ghanaians more affordable as well as enable public sector workers to be able to afford and purchase locally assembled vehicles.
“Government will continue to create the enabling environment to boost the profitability of the emerging automobile sector in Ghana,” he said.
He also disclosed that the Minister of Trade and Industry is working with other state institutions such as the Ghana Integrated Aluminum Development Corporation (GIADEC) and the Ghana Integrated Iron and Steel Developing Corporation to develop locally, the required raw material value chains to free the manufacturing sector of the automobile industry.