Business News of Monday, 20 November 2023

Source: www.ghanaweb.com

FLASHBACK: Establishment of car assembly plants bad for local industry – Mahama

Former President, John Dramani Mahama Former President, John Dramani Mahama

Former President, John Dramani Mahama, on November 20, 2020, asserted that the establishment of a car assembly plant in the country would threaten the local automotive industry.

He described the move carried out by the Akufo-Addo government as unacceptable.

Mahama said, “it is unacceptable that the employment of hundreds of thousands of people in the local automotive industry is threatened simply because government is encouraging the establishment of a car assembly plant which will not employ more than one hundred people.”

Read the full story originally published on November 20, 2020 .

The presidential candidate of the National Democratic Congress (NDC), John Dramani Mahama, has noted that the establishment of a car assembly plant in Ghana under the Akufo-Addo administration threatens the local automotive industry.

He said this development is unacceptable.

Automotive giant Volkswagen (VW) launched their first batch of cars assembled in Ghana following a Memorandum of Understanding signed between the Government of Ghana and Volkswagen in 2018 to establish a vehicle assembly plant in the country.

Toyota Tsusho Corporation, the largest car manufacturer in the world by volume also signed a deal with the Ghanaian government allowing it to establish an assembly plant in the country.

Touching on this development, Mr Mahama said while announcing a return to the campaign trail on Friday, November 20 that “it is unacceptable that the employment of hundreds of thousands of people in the local automotive industry is threatened simply because government is encouraging the establishment of a car assembly plant which will not employ more than one hundred people.”

“Government can become the major source of business for the car assembly plant while we protect the jobs of Ghanaians in the used car value chain.”

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