South Korean multinational automotive manufacturers, Hyundai and KIA are set to establish assembly plants in Ghana by the end of 2022.
Ghana’s minister for trade and industry, Alan Kyerematen, announced the development via his official Twitter handle on Thursday.
He said the car companies will join other automobile manufacturing companies such as Toyota-Suzuki, Nissan, Kantanka, Volkswagen and Sinotruck that have already established vehicle assembly plants in the country.
According to him, the local assembly of vehicles will create 3,600 direct and indirect jobs in Ghana, and the addition of components and parts manufacturing will also add about 6,600 direct and indirect jobs.
He tweeted; “Pleased to announce that Hyundai & KIA are set to establish assembly plants in Ghana by the end of 2022 to join Toyota-Suzuki, Nissan, Kantanka, Volkswagen & Sinotruck. The Ghana Auto Development programme = 3,600 assembly & 6,600 manufacturing parts jobs in Ghana”.
Pleased to announce that Hyundai & KIA are set to establish assembly plants in Ghana by the end of 2022 to join Toyota-Suzuki, Nissan, Kantanka, Volkswagen & Sinotruck. The Ghana Auto Development programme = 3,600 assembly & 6,600 manufacturing parts jobs in Ghana. #InvestforJobs
Kyerematen said the ministry of trade and Industry (MoTI) has signed an agreement with the German Federal Ministry for Economic Cooperation and Development (BMZ) to promote the automotive sector and support the development of industrial parks in Ghana.
For this purpose, an amount of 540,000 euros is being invested through a financing agreement.
Meanwhile, the German government said last week that a new German-West African Centre for Global Health and Pandemic Prevention will be located in Ghana.
