Tuesday, May 18, 2021

Hyundai, KIA to set up assembly plants in Ghana by 2022

Must read

France cancels $5 billion debt owed by Sudan

France's government has announced that it has now canceled Sudan's $5 billion debt. French President Emmanuel Macron who made the announcement said the move is...

Tanzania’s President advised to get Covid-19 vaccines for citizens

A task force set up by Tanzania's President Samia Suluhu Hassan has recommended to her to initiate steps towards getting citizens vaccinated against Covid-19. The...

South Africa: Jacob Zuma’s corruption trial pushed back

The corruption trial of South Africa’s former President Jacob Zuma will now take place on May 26, 2021. The trial was pushed back from Monday...

Remittances on the rise despite Covid-19 pandemic

Since COVID-19 hit South Africa in early 2020, leading payment aggregator and provider of secure payment solutions, Pay@ has seen a 50% year-on-year increase in...
Staff Writer
Africa Feeds Staff writers are group of African journalists focused on reporting news about the continent and the rest of the world.
- Advertisement -

Global carmakers, Hyundai and KIA are to set up their assembly plants in Ghana by the end of 2022, according to government officials.

Ghana’s minister for trade, Alan Kyerematen said when these firms set up, they would be joining firms like “Toyota-Suzuki, Nissan, Kantanka, Volkswagen & Sinotruck” that are already operating in the country.

“The Ghana Auto Development programme” will create “6,600 manufacturing parts jobs in Ghana,” the minister said.

In 2019 Ghana announced that it would offer car making companies like Volkswagen and Nissan tax breaks of up to 10 years.

- Advertisement -

The move according to the government was intended to attract such automakers to the West African economy.

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

In 2020 amid the coronavirus pandemic, Ghana’s President Nana Akufo-Addo unveiled Volkswagen vehicles assembled in the West African country for the first time.

That investment came in the framework of the G20 Compact with Africa (CwA), which was launched under Germany’s G20 Chairmanship in Berlin in June 2017.

- Advertisement -

The CwA aims to bring more private investment from the G20 countries to the African partner countries, amongst which Ghana is a frontrunner.

 

[Photos]: Ghana unveils locally assembled Volkswagen cars

 

Source: Africafeeds.com

- Advertisement -

More articles

- Advertisement -

Latest article

France cancels $5 billion debt owed by Sudan

France's government has announced that it has now canceled Sudan's $5 billion debt. French President Emmanuel Macron who made the announcement said the move is...

Tanzania’s President advised to get Covid-19 vaccines for citizens

A task force set up by Tanzania's President Samia Suluhu Hassan has recommended to her to initiate steps towards getting citizens vaccinated against Covid-19. The...

South Africa: Jacob Zuma’s corruption trial pushed back

The corruption trial of South Africa’s former President Jacob Zuma will now take place on May 26, 2021. The trial was pushed back from Monday...

Remittances on the rise despite Covid-19 pandemic

Since COVID-19 hit South Africa in early 2020, leading payment aggregator and provider of secure payment solutions, Pay@ has seen a 50% year-on-year increase in...

Top-rated Slots Developers: Are there any new names?

Here’s a question for you: has gambling ever been quite this easy at any other point in human history? We’re really not too sure...
- Advertisement -