fbpx

Toyota Establishes Assembly Plant in Ghana, Snubs Nigeria

Toyota, a Japanese multinational automotive manufacturer, has  opened an assembly plant in Ghana.

The plant, which was established to assembly Toyota Hilux pick-up and other sedans by the Toyota Tsusho Manufacturing Company Limited, is located in the Freezones Enclave in Tema, Ghana.

Ghana president Akufo-Addo, who commissioned the plant on Tuesday, June 29, 2021, said the development 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 was quoted as saying.

Speaking further, the President added that the Ministry 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.

The Toyota plant establishment in Ghana came a few months after American micro-blogging site, Twitter, delivered a surprise for Africa when it established a regional headquarters in the West African country, a surprising development that triggered a vigorous debate about the business environment for technology start-ups across the continent.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *