Officials of German car-maker, Volkswagen are hopeful of opening a car assembling plant in Ghana as early as March, 2020.
Last year, VW CEO for Africa, Thomas Schafer said creating a market in Africa was key for Volkswagen.
At the German-Ghanaian Business council meeting in Berlin last November Schafer said that the second phase of Volkswagen’s presence in Ghana will be intensified in 2021.
The company is hopeful the first phase of its presence in Ghana would take off in March, the earliest or April, the latest.
Here we go ????: 1. phase of Volkswagen car assembling starting in March/April in Accra. #deliveringoncompactwithafrica https://t.co/L8StwKd90h
— Christoph Retzlaff (@GermanAmbGhana) February 21, 2020
In 2018 the company announced plans to set up a plant in Ghana as it continues to expand across Africa.
Volkswagen already builds vehicles in Kenya and recently opened another car plant in Rwanda as part of its expansion project in East Africa.
The Rwanda project was the first of such plants in the East African nation expected to led to the building of up to 5,000 cars per year.
Ghana has said it was prepared to offer car making companies Volkswagen and Nissan tax breaks of up to 10 years.
The move according to the government was intended to attract such automakers to the West African economy.
Setting up local manufacturing plants in Ghana, according to the government should grow its economy and create jobs.
The move to offer such car makers tax breaks is considered an incentive enough to get them to execute their plans.
Source: Africafeeds.com
