• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Tuesday, August 16, 2022
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Suzuki, Toyota Tsusho and CFAO announce joint venture to produce cars in Ghana

Farida YusifbyFarida Yusif
March 20, 2019
Reading Time: 2 mins read
ShareShareShareShare

Suzuki Motor Corporation, Toyota Tsusho Corporation, and CFAO have formed a joint unit to manufacture and distribute vehicles in Ghana.

This announcement was made by officials from the three Corporations when they paid a courtesy call on President Nana Akufo-Addo, at the Jubilee House on Tuesday, 19th March 2019.

Mr. Koyote Suzuki, the General Manager for the Middle East and Africa of Suzuki Motor Corporation, told President Akufo-Addo that with the company producing some 1.8 million vehicles in India alone, it is the same interest he wishes for the same production to take place in Ghana.

“My mission is to find our next India in the continent of Africa,” he said.

He stated that: “our next phase of growth will come from Africa, but we need to find the right partner in Africa for manufacturing and distribution after the sale of our vehicles.”

Suzuki, he said, has partnered with Toyota in Africa, and Toyota is currently working in some 26 countries.

“We came to know from Toyota that the Ghanaian government is planning to roll out a new automotive policy. We heard this from Toyota executives who paid a visit here last month. We are highly interested in participating in this initiative by the Ghanaian government. We wish to start production here, grow it and expand it,” the Suzuki General Manager added.

Mr. Masafumi Yamashita, from Toyota Tsusho Corporation, in his remarks, noted that Toyota Corporation and CFAO have the largest automotive distribution network in Africa, and have the ambition to contribute to and support further development in African countries.

“Our vision is with Africa and for Africa. This time, we commit to working together with Suzuki Motor Corporation for the future development of the automotive industry here in Africa, as a strategic partner,” he added.

On his part, President Akufo-Addo told the gathering that “these three companies to push the  idea, here in Ghana and idea we have to welcome.”

Akufo-Addo also explained, is interested in developing a vibrant and dynamic automobile industry in Ghana, and has made several initiatives towards that end.

“Finally, I believe we are now ready to outdoor our automotive policy which will enable people like you to know what is available to you in terms of government support, and also the obligations that will be upon you if you enter the Ghanaian space,” the President added.

With the economy projected to grow by 7.9% this year, and the country recognized as one of the most stable countries on the continent, where the rule of law works, President Akufo-Addo stressed that “this is architecture designed expressly to try and attract investments into our country.”

President Akufo-Addo welcomed the delegation and expressed how good the collaboration between Suzuki, Toyota Tsusho and CFAO would be to Ghana.

“…This will be very good news for the people of Ghana if they were to hear that Suzuki has teamed up with Toyota Tsusho and CFAO to establish a facility here in Ghana.”

With Suzuki manufacturing 1.6-litre engine vehicles in India, the President stated that “these are exactly the kind of cars that should have a very successful entry into the Ghanaian market.”

–

By: Citinewsroom.com | Ghana

 

 

ShareTweetSendSend
Previous Post

Namibia @ 29: Remembering the land of the brave [Article]

Next Post

U-23 AFCON Qualifiers: Meteors ready for Gabon test on Saturday- Ibrahim Tanko

Related Posts

General

SALT Institute holds maiden graduation ceremony

August 16, 2022

Ghana experiencing ‘mental illness inflation’ – Psychiatric Association

August 16, 2022
General

Can solar cars be ever viable? [Article]

August 15, 2022
General

Prof. Olusola Oyewole on ‘The Quest for Transformational Leaders in Africa’ [Full Speech]

August 14, 2022
Audio on Demand

The Big Issue: Saturday, 13th August, 2022

August 13, 2022
Audio on Demand

FamLife: Saturday, 13th August, 2022

August 13, 2022
Next Post

U-23 AFCON Qualifiers: Meteors ready for Gabon test on Saturday- Ibrahim Tanko

TOP STORIES

NDC’s Northern Regional Chairman, Alhaji Ibrahim Mobila dies

August 16, 2022

Three persons killed by unknown assailants at Bawku

August 16, 2022

Appiate victims must be compensated – Mahama to Nana Addo

August 16, 2022
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2021 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos

© 2021 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT