France’s Renault hints of establishing assembly plant in Ghana

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French carmaker, Renault, says it is considering the possibility of establishing an automobile assembly plant in Ghana.

Renault’s intentions follow in the footsteps of Volkswagen, Nissan and Sinotruk who will, this year, establish assembly plants in the West African country, known for its cocoa and stable democracy.

Vice President and Chairman of the Africa-Middle-East-India (AMI) Region at Renault, Fabrice Cambolive, made this known in Accra, 28th January, 2019, when he paid a courtesy call on President Nana Akufo-Addo, at the Jubilee House, the seat of Presidency.

Mr. Cambolive stated that “for us, we are now to see if our capacity to bring our products to this country are marching with your policy and, if it is okay, we will be delighted to do that.”

He continued, “I have noticed a lot of values in the country, and they are very important to us. I hope that we will be able to concretize it in a really hard project, not a short-term project, but a long-term project, and if everything is matching, we will come back to you as soon as possible.”

On his part, President Akufo-Addo described the announcement as good news for the country.

“We are the second largest economy in West Africa. So, there are lots and lots of reasons why Ghana is a well-positioned place for you. We are looking upon ourselves as the gateway to West Africa, to a market of some 350 million people, which is scheduled to go up to 500 million people by the year 2030. So, we think that it will be a good place for you to make it”, the President added.

Already, global car manufacturing giants, Volkswagen, Sinotruk, and Nissan are expected to establish their assembly plants in Ghana this year.

The moves by the global carmakers forms of the Ghana’s agenda to not only become an automobile centre in West Africa, but an industrial hub for companies looking to tap into the region’s economy.

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