PR & COMMS UPDATES – MOTAI
A Memorandum of Understanding for the construction of an electric vehicle assembly factory in Ghana has been signed by the government and Shenzhen New Gecko of China; negotiations for a second plant with Chery International are still ongoing.
The statement was made on Wednesday during the Ministry’s presentation at the Accountability Series at Jubilee House by Elizabeth Ofosu-Adjare, Minister of Trade, Agribusiness, and Industry.
The government’s Rapid Industrialisation for Jobs Program, which aims to boost industrial expansion for economic development, includes the electric car assembly efforts.
“MoU signed with Shenzhen New Gecko of China for an EV assembly plant. Ongoing discussions with Chery International for another EV plant,” the Minister said, emphasising the government’s determination to placing Ghana as a hub for automotive production in West Africa.
She said that the Ministry has developed key industrial strategies for textiles, pharmaceuticals, automotive components, and special economic zones to provide the groundwork for rapid industrial growth.
The automotive sector is one of several key areas selected by the Rapid Industrialisation for opportunities Initiative, which aims to revive manufacturing and provide long-term, well-paying opportunities for Ghanaians, particularly young people.
The Minister clarified that President John Dramani Mahama’s vision for the Trade, Agribusiness, and Industry sectors is motivated by his ambition to enact revolutionary policies meant to provide long-term job opportunities.
It is anticipated that the construction of electric car assembly factories in Ghana will increase domestic manufacturing capacity, generate employment, and put the nation in a position to profit from the worldwide shift to clean energy transportation.
Additionally, the effort supports the government’s goal of boosting manufacturing growth and improving the corporate environment for smooth operations.
Executive Instrument 1 of 2025 moved the Ministry of Trade and Industry to the Ministry of Trade, Agribusiness and Industry in order to facilitate extensive reforms intended to lower operating costs and draw in investment.
In addition to electric vehicles, the government’s industrialisation program calls for obtaining 40,000 acres for large-scale contract farming under the Feed the Industry Programme in order to guarantee a sufficient supply of raw materials for production.
The Minister stated that investor interest in Ghana’s automotive sector has increased dramatically as a result of the country’s participation in international trade exhibits such as the World Expo in Osaka, Japan, where Ghana received an award for Best Theme Development.
The government is also working with various players in the automobile spare parts industry to address difficulties and increase local production capacity.
Source: newsthemegh.com