Homenews2 Auto firms to set up assembling plants in Ghana-Senior Minister

2 Auto firms to set up assembling plants in Ghana-Senior Minister

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The Senior Minister, Mr Yaw Osafo Maafo said that, 2 automobile companies have requested permission from the govt of Ghana to set up their assembling plants in Ghana to assemble their brand of vehicles for the domestic and West African markets.
Their permission was contained in a memorandum of understanding (MoU) separately submitted to the government for review and approval.
The Senior Minister, Mr Yaw Osafo Maafo disclosed this on manufacturing on the theme: “Unlocking Economic Growth Through Manufacturing – Cost Quality And Competitiveness.”
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It was aimed to help shine some light on the manufacturing subsector, whose fortunes have nosedived in recent times.
Mr Maafo said while speaking on how government was helping to reverse the challenges,macroeconomic stability was key in the march towards industrialization.
he said this informed the decision to prioritize fiscal discipline, which has resulted in increased interest from investors in the economy.
He said an example was the two big automobile assembling plants that have expressed interest in setting up in the country.

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