President Akufo Addo on Tuesday, 29th June 2021, commissioned the Toyota Tsusho Vehicle Assembly Plant, located at the Free Zones Enclave in Tema.
Toyota Tsusho is the third Bonafide Vehicle Assembler after Volkswagen Ghana and Kantanka Automobile Industries, to be licensed to begin the local assembling of vehicles under the Ghana Automotive Development Programme.
The programme approved by Cabinet in 2018 and spearheaded by the Ministry of Trade and Industry aims at making Ghana the automobile manufacturing hub of Africa.
Ghana imports over 100,000 vehicles per annum, which makes motor vehicles among the leading imported commodities into the country, accounting for about 15% of the annual import bill.
The development of the automotive industry in Ghana is, therefore, a game-changer for the Ghanaian economy aimed at significantly reducing our import bills, creating jobs and contributing towards improving the Country’s Gross Domestic Product (GDP).