Volkswagen Group on Thursday signed a memorandum of understanding (MOU) with the Ghanaian government to begin the construction of a Volkswagen assembling plant in the country.
With the establishment of Volkswagen assembly plant in Ghana, its plants in Africa increase to six. With plants in South Africa, Algeria, Kenya, Nigeria, Rwanda and now Ghana, Volkswagen’s TRANSFORM 2025+ brand strategy to become a colossus in the car manufacturing industry by 2025 has received a boost.
The MOU was signed during a meeting between top officials of the Ghanaian government and representatives of the automobile giant led by its Sub-Saharan Region Head, Mr. Thomas Schaefer.
The MOU was inked by both parties in the presence of the German Chancellor who is on a three-nation visit to West Africa. The MOU was on establishing a vehicle assembly facility and to assess the feasibility of a modern mobility concept for Ghana.
“We continue to work with the German Government on development initiatives and are as committed to Africa as they are,” said Thomas Schaefer after signing the MOU. We hope to partner with the German Government in providing training facilities and development opportunities in all the countries that we are operational in Sub-Saharan Africa,” he continued.
Ghana’s President Nana Akufo-Addo, said: “I assure Volkswagen and its local assembler in Ghana of the full support of the government in creating an enabling environment and incentive framework to make their investment a major success.”
Akufo-Addo said that he is keen to see his country develop into a self-sustaining nation, and has unveiled an initiative – Ghana beyond Aid – that will make the nation safe for investment. This new agreement will improve Ghana’s economy as more jobs will be created for its teeming young population. The country has a population of about 30 million and a mildly stable growth rate of about 2.8 per cent.
The first set of locally assembled cars will hit the roads in Ghana early 2019, making it an important country for the Volkswagen business in the whole West Africa region.