25 Japanese Companies are in Ghana to explore economic potentials in the automotive and manufacturing sectors.

The presence of these companies will see the setting-up of new assembling plants in the country as well as enhanced partnerships with local businesses into joint ventures for the development of the industry.

Speaking to Joy Business during a familiarisation tour at Abossey Okai Spare Part Dealers

in Accra, Advisor to the Japan External Trade in Ghana Kweku Adu Mensah said the Japanese government is committed to investing in the country despite the current economic challenges.

“We are here today with 25 businesses in different sectors of the Ghanaian economy. The Ghanaian businesses will require partnerships and joint ventures to be able to go into other sectors of the economy”.

“Some of the companies are making their first visit to Africa. They will assess the potential and come back”, he added.

President of the Ghana Union of Traders Association, Dr. Joseph Obeng, believes the moves will be a win-win for both countries and their respective businesses.

“This cooperation is a win-win situation. We have our huge networking, and the warehouse facility and they also have the raw materials and all that. We going to trade together for the mutual benefit.”

“The fact that we are also gearing-up to trade under  AfCFTA, we cannot do it alone. So that’s why they are here”.

On his part, Chairman of the Abossey-Okia Spare Parts Dealers Association, Clemet Boateng said the coming on board of these Japanese companies will help boost the spare-parts business which will improve trading activity within the enclave.

JETRO, is a Japanese Government Agency supporting trade and investments between Japan and the rest of the world.