Home business Because of Akufo-Addo Ghana now has a VW assembling plant

Because of Akufo-Addo Ghana now has a VW assembling plant

Because of Akufo-Addo Ghana now has a VW assembling plant

Ghana now has a VW assembling plant: Volkswagen’s first locally assembled car in Ghana is ready. Trade and Industry Minister, Alan Kyeremanten, has inspected the car.

1ST VW car assembled in Ghana
1ST VW car assembled in Ghana

The first phase of local assembling of cars by global automobile giant, Volkswagen, started in Accra between March and April 2020.

The auto manufacturing company signed a Memorandum of Understanding (MoU) with the government of Ghana in 2018 to begin the process of establishing an assembling plant in the country to serve the West African sub-regional market.

 

The assembling plant in Accra is expected to produce about 5,000 units of vehicles every year with plans to increase production depending on the market demand.

Volkswagen already builds vehicles in Kenya and recently opened another car plant in Rwanda as part of its expansion project in East Africa.

The Rwanda project was the first of such plants in the East African nation expected to led to the building of up to 5,000 cars per year.

Ghana has said it was prepared to offer car making companies Volkswagen and Nissan tax breaks of up to 10 years.

The move to offer such car makers tax breaks is considered an incentive enough to get them to execute their plans.

Setting up local manufacturing plants in Ghana, according to the government should grow its economy and create jobs.

Must Read

Akufo-Addo has neglected Ashanti Region – Ofosu-Ampofo

The National Chairman of the National Democratic Congress (NDC), Samuel Ofosu-Ampofo, says the Ashanti Region has seen no development under the Akufo-Addo administration, despite...

#BREAKING: 6 NDC supporters killed in a ghastly accident at…

At least six persons have been confirmed dead while several others are in critical condition after a truck carrying NDC supporters got involved in...

Dr. Bawumia Launches Free Wi-Fi For All Tertiary and Secondary Institutions

The Vice President, Dr. Mahamudu Bawumia, has commissioned the government’s flagship Free Wi-fi Project to tertiary institutions in Accra. The Tertiary Institutions project, currently anchored...

President Akufo-Addo commissions First ever Micro-Hydro Power Generation Station today

President Akufo-Addo commissions First ever Micro-Hydro Power Generation Station today First ever Micro-Hydro Power Generation Station: President Akufo-Addo will on Saturday (21 November) officially commission the...

Related News

Akufo-Addo has neglected Ashanti Region – Ofosu-Ampofo

The National Chairman of the National Democratic Congress (NDC), Samuel Ofosu-Ampofo, says the Ashanti Region has seen no development under the Akufo-Addo administration, despite...

#BREAKING: 6 NDC supporters killed in a ghastly accident at…

At least six persons have been confirmed dead while several others are in critical condition after a truck carrying NDC supporters got involved in...

Dr. Bawumia Launches Free Wi-Fi For All Tertiary and Secondary Institutions

The Vice President, Dr. Mahamudu Bawumia, has commissioned the government’s flagship Free Wi-fi Project to tertiary institutions in Accra. The Tertiary Institutions project, currently anchored...

President Akufo-Addo commissions First ever Micro-Hydro Power Generation Station today

President Akufo-Addo commissions First ever Micro-Hydro Power Generation Station today First ever Micro-Hydro Power Generation Station: President Akufo-Addo will on Saturday (21 November) officially commission the...

These are the reasons why Martin Amidu resigned as Special Prosecutor barely few weeks to election

He was appointed to lead the fight against corruption for seven years, but after nearly three years since he was sworn into office, the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here