BUSINESS

Gov’t to Outdoor National Automotive Policy for Car Assembly Companies in March


The President Nana Addo Dankwah Akufo-Addo has disclosed government’s readiness to outdoor a national automotive policy which will benefits car assembly companies to establish and expand their businesses globally.

The inaugural ceremony of the National Automotive Policy will spell out the terms, conditions and incentive package for participating in Ghana’s new automobile industry, which will also apply to indigenous car assembly companies.

“Proof, If some were needed that we are getting something right, and generating the right atmosphere to attract foreign business, has come with the announcement that three major international automobile manufacturers, Volkswagen, Nissan and Sinotruck have signed MOUs to establish assembling plants in our country.

We will outdoor, in March, the National Automotive Policy spelling out the terms, conditions and incentive package for participating in Ghana’s new automobile industry, which will also apply to indigenous car assembly companies”. The President hinted this in his delivery of the 2019 State of the Nation’s Address.

The President also indicated that Renault is conducting feasibility studies on establishing an assembly plant in Ghana, whiles three (3)major international automobile manufacturers, Volkswagen, Nissan and Sinotruck have signed a Memorandum of Understanding (MOUs) to establish assembling plants in Ghana.

Source: Editor/newslinegh.com

 

Exclusively Newslinegh

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