Ghana’s Trade and Industry Minister visits the Volkswagen (VW) Assembly Plant
The Minister for Trade and Industry, Hon. Alan Kyerematen paid a working visit to the assembly site of Volkswagen (VW), Ghana in Accra ahead of the launching of its first assembled Volkswagen vehicles in the country.
Route 233 readers may recall that, Mr. Thomas Schaefer, Head of the VW Sub-Saharan Region and the Honorable Minister of Trade and Industry, Alan Kyerematen of Ghana signed a Memorandum of Understanding (MOU) to establish an automobile assembly facility and to assess the feasibility of a modern Mobility Concept for Ghana.
The Minister and his entourage were awestruck at the pace at which Volkswagen (VW) is moving and has re-echoed the commitment made by the President of Ghana.
“I assure Volkswagen and its local assembler in Ghana of the full support of government in creating an enabling environment and incentive framework to make their investment a major success” – Minister for Trade and Industry, Hon. Alan Kyerematen
Ghana’s move to lure automobile makers follows South Africa, which has attracted seven companies including VW, Nissan, Renault and Toyota with tax incentives. That has produced one of the bright spots of an otherwise moribund economy, accounting for about 7 percent of GDP.
Volkswagen builds cars in Nigeria, Kenya and Algeria, and in June 2018 opened Rwanda’s first car plant.
The Trade Minister, Alan Kyerematen further stated that the full 10-year tax break will only apply to establishments building whole vehicles in Ghana, though a five-year holiday will be available for partial manufacturing.