Toyota Tsusho Corporation, the largest car manufacturer in the world by volume,
is set to start a new car assembly plant in Ghana.
The company has signed a deal
with the Ghanaian government allowing it to establish an assembly plant in the
The deal was signed in Yokohama,
Japan, in the presence of Ghana’s president, Nana Akufo-Addo.
According to Toyota Tsusho’s
President and CEO, Ichiro Kashitani, the automobile multinational will
establish a Toyota and Suzuki assembly plant in the West African nation.
President Nana Akufo-Addo said
that the deal with Toyota Tsusho was in line with his
government’s vision of making Ghana an automotive hub for West Africa and the
larger African market.
Speaking during the signing of
the memorandum of understanding between Toyota Tsusho and the Ghanaian government,
Kashitan said that the assembly plant would be ready to begin operations in
In his speech, President Nana Akufo-Addo,
noted that the coming into force of the African
Continental Free Trade Area (AfCFTA) would further facilitate the operations of
automobile giant in Africa.
government promised to provide the support necessary to facilitate smooth
operations of the automobile manufacturer in the country.
“We are attaching a
great deal of importance to the initiative,” the Ghanaian president said.
“We want to assure
you that, whatever it is we can do on the side of the Ghana government to
provide you with the necessary support and assurance, you can count on us to do
chief operations officer for Africa Division, Imai Toshimitsu, cited Ghana’s
favourable economic climate as the primary reason for their decision to locate
the assembly plant there.
Toyota Hilux is one
of the vehicles that are scheduled to be assembled in the new assembly plant in
Ghana. The car manufacturer is also planning to introduce small passenger cars
and two Suzuki Brands at a later date.
Corporation also has other vehicle assembly plants in Kenya, South Africa, and Egypt.