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

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

Officials from Suzuki Motor Corporation, Toyota Tsusho Corporation, and CFAO have announced a joint venture to manufacture and distribute vehicles in Ghana.

Suzuki has partnered with Toyota in Africa, and are currently working in some 26 countries.

At a courtesy call on President Akufo-Addo, on Tuesday, March 19, 2019, general manager for the Middle East and Africa of Suzuki Motor Corporation, Mr Koyote Suzuki, said with the company producing some 1.8 million vehicles in India alone, his mission was to find the next India in the continent of Africa.

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He stated that the next phase of growth will come from Africa, but they needed to find the right partner in Africa for manufacturing and distribution after sale of their vehicles.

“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.

Masafumi Yamashita, from Toyota Tsusho Corporation, noted that Toyota Corporation and CFAO have the ambition to contribute to and support further development in African countries.

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On his part, President Akufo-Addo told the gathering that the government 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 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 said.

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