The Ghanaian government has intensified efforts to attract Chinese investment to rejuvenate the nation’s automotive sector.
Emphasizing the creation of an enabling environment, authorities are focusing on partnerships with companies like Zonda Tec Ghana Limited to bolster local vehicle assembly and manufacturing capabilities.
Trade Minister Elizabeth Ofosu-Agyare highlighted the government’s commitment to fostering a conducive atmosphere for automotive enterprises.
She noted that the administration’s 24-hour economy policy aims to expedite business processes, including the swift issuance of permits for investors.
This initiative is designed to stimulate economic growth and job creation within the automotive industry.
Zonda Tec Ghana Limited, a prominent Chinese automobile assembly company, has significantly expanded its operations in Ghana. The company recently inaugurated its eighth auto showroom and introduced new car models to the market.
Managing Director Yang Yang attributed the company’s success to Ghana’s favorable business climate and expressed gratitude for the opportunities provided by the country.
Since its establishment 18 years ago, Zonda Tec has set up two vehicle assembly plants and employs over 500 staff members across Ghana.
The Ghana Investment Promotion Centre (GIPC) has also pledged support for foreign investors in the automotive sector.
Chief Executive Officer Simon Madjie assured that the GIPC would implement measures to process business permits within 24 hours, aligning with the government’s policy to enhance efficiency and attract more investors.
These developments underscore the government’s strategic focus on leveraging foreign partnerships, particularly with Chinese firms, to revitalize the automotive industry.
By fostering such collaborations, Ghana aims to boost local manufacturing, create employment opportunities, and strengthen its position in the regional automotive market.
Source: Myxyzonline.com
