German car manufacturer Volkswagen’s (VW) vehicle assembly plant would be set up in Ghana by the last quarter of 2018, a government official has said.
“We have just signed an MoU; it has to be properly implemented. Ghana doesn’t have to go to Germany, we have signed an MOU with Volkswagen South Africa. We have the framework already. Hopefully, by the last quarter of this year, they should start setting up the plant,” said Pius Enam Hadzide, Ghana’s Deputy Minister of Information.
According to him, the government has already signed a memorandum of understanding (MoU) with Volkswagen South Africa, and per the MoU, work on the plant could start as soon as possible.
Ghana’s President Nana Akufo-Addo, hailed the move by Volkswagen to set up vehicle assembly plant in Ghana as something that will strengthen Ghana’s economy after the deal was signed last week during German Chancellor Dr. Angela Merkel visit to Ghana.
At a joint press briefing held as part of the visit of the German Chancellor, the President indicated that there was an agreement between Volkswagen, the government and a local company.
This was after a business meeting between officials from Ghana and a German business delegation.
“There are so many areas that our bilateral relationship has offered us, but the key part of it for me is the emphasis on investment and trade cooperation,” President Akufo-Addo said during last week’s media briefing.