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 vehicles in Ghana.
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 a vehicle assembly facility and to assess the feasibility of a modern Mobility Concept for Ghana.
The Minister and his team were impressed 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”
Ghana’s move to lure automakers follows South Africa, which has attracted seven companies including VW, Renault, Nissan 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 Kenya, Algeria and Nigeria, and in June 2018 opened Rwanda’s first car plant.
Trade Minister Alan Kyerematen added that the full 10-year tax break will only apply to companies building whole vehicles in Ghana, though a five-year holiday will be available for partial manufacturing.