No Result
View All Result
Wednesday, August 10, 2022
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

    Ghana Mines Workers’ Union threatens industrial action

    Farmerline begins ‘Support a Farmer’ initiative to provide fertilizer to farmers

    Ghana likely to secure US$3 billion from IMF for economic support

    Tax incentive for young entrepreneurs-opportunities and challenges

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    USAID Feed the Future Program provides funding to Agrihouse Foundation’s 1H1G Initiative

    Government disappointed by Standard & Poor’s downgrade rating

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    WAPCo commits to cleaner and reliable energy

    Government eyeing GH¢750m with new E-VAT policy

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    National AfCFTA Policy Framework and Action Plan launched to boost trade

  • TECHNOLOGY

    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

    Ghana Mines Workers’ Union threatens industrial action

    Farmerline begins ‘Support a Farmer’ initiative to provide fertilizer to farmers

    Ghana likely to secure US$3 billion from IMF for economic support

    Tax incentive for young entrepreneurs-opportunities and challenges

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    USAID Feed the Future Program provides funding to Agrihouse Foundation’s 1H1G Initiative

    Government disappointed by Standard & Poor’s downgrade rating

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    WAPCo commits to cleaner and reliable energy

    Government eyeing GH¢750m with new E-VAT policy

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    National AfCFTA Policy Framework and Action Plan launched to boost trade

  • TECHNOLOGY

    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Spare parts dealers in talks with assembly plants to manufacture car parts

byBobbie Osei
December 15, 2020
in Local Economy, Manufacturing, News, Top Stories, Transport
Share on FacebookShare on TwitterShare on Whatsapp

Co-chairman of the Abossey Okai Spare Parts Dealers Association, Clement Boateng says negotiations are underway between his association and some car assembly plants established in Ghana.

In addition to Volkswagen, Sinotruk and Kantanka who have been operating assembly plants in Ghana, Nissan last month began the setting up of its plant in the country, as part of efforts to help develop Ghana’s automotive industry.

Speaking to Citi Business News on fears of job losses for persons in the used-car value chain in Ghana, Mr. Boateng urged local stakeholders to position themselves to be able to take advantage of the opportunities that the new plants come with.

ADVERTISEMENT


“As I’m talking to you now, those assembly plants which will start assembling vehicles here have entered into negotiations with the association to try as much as possible to partner them to try the production of small spare parts for which raw materials can be found in the country. Every country within Africa wants industrialization, so if our President has facilitated the coming to Ghana automobile assemblers, then we have to take advantage of the opportunities that will come up.”

“I don’t share in the idea that the assembling of cars here will throw some of us out of work. Because even currently some of the car agents here come to us to buy parts for their cars. So their arrival will only open up more opportunities for us to enter into production and thereby create more jobs for our youth,” he added.

The automotive industry

In March this year, government made a strong case for the passage of a law that will formally lay the platform for Ghana’s automotive industry.

This was done through an amendment to the Customs Act, 2015 (Act 891), which provides some incentives to Ghanaian car manufacturers through the Ghana Automotive Industry Policy. It also places a ban on salvage cars and second-hand cars of not more than ten years old.

According to government, the move is aimed at making Ghana the hub for Automotive Industry in the West African sub-region.

Already, Toyota and Suzuki have formally committed to set up car assembly plants in Ghana. This was after Nissan and Sinotruk also expressed an interest in Ghana, with Volkswagen already launching some locally made cars.

Currently, Ghana has three assembling plants, Volkswagen, Kantanka and the latest project by Japan Motors to assemble Nissan vehicles.

Ghana had earlier signed a Memorandum of Understanding with Nissan Group of Africa for the establishment of automotive manufacturing industry in Ghana, which will make Ghana the hub for sales and marketing of Nissan in West Africa.

President Akufo-Addo, after the signing of the MoU, said the vehicle assembly plant will become operational in 2019. But the project was finally launched on Wednesday, November 18, 2020.

Japan Motors launches Nissan assembling plant in Ghana

As part of efforts to develop Ghana’s automotive industry to serve both local and the African market, Japan Motors has also set up a Nissan assembly plant in the country.

According to stakeholders in the industry, the plant will promote skills development and job creation in Ghana.

The Managing Director of Japan Motors, Salem Kalmoni, at the launch of the project, promised to donate the first assembled Nissan pick-up to the Kwame Nkrumah University of Science and Technology, to support technical education.

“To show our commitment to cooperate and support technical education, and given this auspicious occasion, I am pleased to announce that Japan Motors and Nissan will be donating the first assembled Nissan pick-up to the premier Science and Technology University in Ghana, KNUST. We would like to congratulate them on being recently ranked as first university in Ghana and 12th in Africa. We will be donating this pick-up to their Mechanical Engineering department with the proviso that the vehicle be used for learning and training purposes only, and not as transport,” he announced.

Related Posts

Local Economy

Ghana’s inflation rate rises again; hits 31.7% in July 2022

bycitibusinessnews

Significant increases in prices of transport and food pushed Ghana’s inflation rate to hit 31.7 percent in the month of...

Read more

Fitch downgrades Ghana’s credit rating from B- to CCC

Ghana Mines Workers’ Union threatens industrial action

Farmerline begins ‘Support a Farmer’ initiative to provide fertilizer to farmers

Ghana likely to secure US$3 billion from IMF for economic support

Tax incentive for young entrepreneurs-opportunities and challenges

GEXIM CEO is one of Ghana’s 100 most influential business leaders

Next Post

GUTA welcomes Nigeria's decision to reopen its land borders

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.