Company officials at Nissan Motor Company Ltd, a Japanese multinational automobile manufacturer headquartered in Yokohama, and Ghanaian authorities said they have signed a preliminary deal to set up an assembly plant in Ghana.
Nissan, which already has a plant in Nigeria, is the biggest car seller in Ghana with a 32 percent market share and the company plans to make the country its sales hub in West Africa.
After signing a memorandum of understanding with Ghana’s trade ministry, Nissan’s managing director for Africa, Mike Whitfield said “we see Ghana as the gateway to West Africa, we will grow our business presence in the region and it’s for the long term”.
Whitfield did not reveal any details, but said that the company’s plans would hinge on a national auto policy that the government is expected to launch by the end of 2018.
Alan Kwadwo Kyeremanten, Ghana’s Trade Minister said in order to create a business environment that would allow Nissan expand its presence, the government was considering incentives for the company.
German carmaker Volkswagen and China’s Sinotruk have also signed preliminary deals to build plants in Ghana.