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We are ready to improve automobile policy based on input from industry players – Akufo-Addo

Headlines We are ready to improve automobile policy based on input from industry players – Akufo-Addo
MAY 28, 2022 LISTEN

President Akufo-Addo, says his administration is ready to improve the automobile policy it introduced based on the feedback it gets from industry players who are doing business in Ghana with it.

He made this known when he received Billy Tom, the President of Isuzu Motors, South Africa, at the Jubilee House.

The ISUZU South Africa boss paid a courtesy call on the President to formally inform him that together with MAC Ghana, its local partner and authorized distributor of Isuzu vehicles in Ghana, is set to commence the local assembly of their vehicles soon.

The delegation also included associates of MAC Ghana – Ronor Motors, an indigenous Ghanaian automobile company, headed and run by Ghanaians.

“We have been very motivated about trying to establish a vibrant automobile sector of our economy. It led us to propagate and define an automobile policy which I have no doubt you are aware of, in order to be able to situate and provide you with the context, both for fiscal, legal and every other details as to what it will mean to establish a plant or establish a facility her in Ghana” President Akufo-Addo said.

“I’m hoping that the policy that we have put out is what led you and other investors in the automobile industry to find Ghana attractive and that it forms part of the reasons you decide to come here (Ghana).

“I am looking always to get feedback from the practitioners in the industry to see to what extent the policy posture of government is helpful or not, and whether or not there are things that have to be looked at or examined,” he added.

In the event that there are recommendations to improve the policy, President Akufo-Addo says it will give his government “the opportunity to be able to do so to improve the policy”.

Twofold agenda

Billy Tom, the President of ISUZU Motors, South Africa, in his brief remarks, observed that Isuzu's investment in the Ghanaian economy has a twofold agenda.

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First, he is hopeful that the ISUZU assembly plant in Ghana will help improve intra-Africa trade and secondly, influence the growth of the automobile industry on the African continent.

“Our facility here in Ghana is our first venture outside the country as ISUZU Motors, South Africa. What we are doing is two things; it is intra-trade within Africa and secondly is to grow industries within the continent,” Billy Tom said.

Source: ISUZU Motors

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