Minister of Trade and Industry, Alan Kyerematen on the sidelines of the 8th Tokyo International Conference in Tunis, Tunisia, signed a Memorandum of Understanding (MoU) with Toyota Tsusho Corporation to continue to develop mutual collaboration for contribution to the Ghanaian automotive industrialisation sector, economy and society.
It is recalled that in August 2019, he signed an MoU with Toyota Tsusho Corporation during the TICAD-7 Summit in Yokohama Japan for the establishment of the Toyota Tsusho Manufacturing Ghana (TTMG) vehicle assembly plant.
The Plant was finally launched in June 2021.
TTMG is currently assembling the Toyota Hilux (SKD). It would commence the assembling of Suzuki Swift vehicles before the end of this year. 2022
The new MoU signed by Mr. Kyerematen seeks to explore opportunities in capacity and people development and enhance the potential to export vehicles assembled in Ghana to neighboring countries.
According to the Trade minister, it is also aimed at the possibility of manufacturing the vehicle parts locally to help to develop the automotive market and industry in Ghana.
Government's delegation at the conference included Shirley Ayorkor Botchwey, Minister for Foreign Affairs and Regional Integration, Deputy Minister of Finance, John Kumah, and other Senior Government officials as well as Ghana's Ambassador to Tunisia.
TICAD is a Summit-level international conference on Africa's development initiated by Japan in 1993.
The conference brought together African countries and development partners, including international and regional organisations, donor countries, Asian countries, the private sector and Civil Society Organizations to deliberate on Africa's development.
TICAD-8 focused on promoting fair and transparent development financing for Africa.
In his address, Mr. Kyerematen shared strategies to guide Africa's industrialisation agenda highlighting political commitment: technology and innovation: medium and long-term financing: as well as seizing opportunities that the Africa Continental Free Trade Area (AfCFTA) market presents to both investors from Africa and Japan.
Latest Stories
-
Let us advocate for female representation on land committees – Lands Commission
4 mins -
Special Prosecutor’s removal will erode confidence in corruption fight – Dr Osae-Kwapong
7 mins -
IMF programme blamed for the cedi’s decline
11 mins -
President’s convoy accident: Akufo-Addo safe, unharmed – Presidency
12 mins -
Starry Horizon Project: Igniting Ghana’s Passion for Astronomy
15 mins -
CAFCC: Zamalek crowned Confederation Cup champions after nervy win over RS Berkane
19 mins -
Akufo-Addo’s appointment of Kpemka as Deputy BOST MD unconstitutional, says Kwabena Donkor
33 mins -
Rock City Hotel offered the best proposal for 60% stake in 4 Hotels – SSNIT to Ablakwa
35 mins -
Lil Nas X: I felt like an imposter on tour
57 mins -
Government to commission and operationalise Agenda 111 project in phases
2 hours -
Singer Libianca on the pressure to take sides in Cameroon war
2 hours -
Iranian President Ebrahim Raisi killed in helicopter crash, official says
2 hours -
Anne Robinson confirms relationship with Queen’s ex-husband Andrew Parker Bowles
2 hours -
From denial to admission: How a surveillance tape held Sean ‘Diddy’ Combs accountable
2 hours -
Hundreds of Tunisian president’s supporters protest against ‘foreign interference’
3 hours