Sinotruk International, China’s first heavy duty truck manufacturer, has signed an agreement with the Government of Ghana to establish an assembly plant in Ghana, to serve both Ghanaian and West African markets.
This was after the Ministry of Trade and Industry, on behalf of the Government of Ghana, signed a Memorandum of Understanding with Sinotruk International, on Wednesday, 5th September, 2018, at the Ghana-Shangdong Business Conference, for the establishment of the plant.
Speaking to the President of the Republic, Nana Addo Dankwa Akufo-Addo, after the signing ceremony, Mr. Zhang Yuzong, the General Representative of Sinotruk International, indicated that the company has a proud history of being manufacturers of a wide range of heavy duty trucks, buses, special trucks, engines and their sets, parts and special chassis.
The assembly plant in Ghana, when established, Mr. Zhang Yuzong said, will, initially, have the capacity to assemble some 1,500 trucks per year for sale in Ghana and West Africa.
Having produced some three hundred thousand (300,000) trucks in 2017, and possessing an employee strength of forty thousand (40,000) people, the Sinotruk Representative was confident that the establishment of the plant in Ghana will create jobs for Ghanaians, as well as rake in significant amounts of revenue for the country.
The establishment of the assembly plant, he added, will result in the training of Ghanaians to assemble the trucks, and the transfer of technology.
On his part, President Akufo-Addo expressed his delight about Sinotruk International’s decision to establish the assembly plant in Ghana.
“We are very appreciative of your interest in our country and its development, and whatever we need to do to grow your business in Ghana, we are prepared to do it,” the President said.
He assured Sinotruk International that “Ghana is a peaceful and stable country, and we are strong believers in the rule of law”, adding that the agreements that have been reached between the Government of Ghana and Sinotruk will be respected.
With West Africa’s current population of some 350 million people set to reach some 500 million in 20 years, President Akufo-Addo described Ghana as “an ideal place to have your base for reaching the West African market.”
Source: Peacefmonline.com/Ghana
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
***barred word*** question; only advertising writer's ignorance.
In the end, it will be about begging them with almost zero% tax for 10yrs, something that cannot be done elsewhere much like president Kufour did then,going cap in hand, this idea of promising everything just so foreign investors come in should be looked at vs what the country stands to gain, Africans are so cheap when it comes to attracting FDI. When you go begging, the person you are begging has the upper hand and you will do what he says which is not how to do these things
Please site the factory at Winneba.
NOW FEELS LIKE A GHANAIAN....THINGD ARE PUSHING INTO THEIR RIGHTFUL PLACES AS THE DAYS GO BY.
Against and jealous people are shaking and they see this as a dream bcos for them it is impossible for Chinese to do but what they don't know is China is the second economic power in the world and even first in terms of financial reserve. I want to tell all Ghanains that "IF YOUR DREAM DOES NOT SCARE YOU THEN IT IS NOT BIG ENOUGH" This is doable folds
HMMM MORE ENVIRONMENTAL POLLUTION!! CHINA HAS RUN OUT OF SPACE FOR INDUSTRIAL PURPOSES AND LOOKING FOR NEW GROUNDS TO DUMP WASTE!! LETS HOPE GHANA BENEFITS FROM THIS MORE THAN CHINA OOOOOOO
Good idea
Concert people party
What stopped Katanka to produce trucks, busses and tractors for the West African markets? This could have been a niche market for him. Mind you, that's how Tata started. Instead, Katanka is on ego trip to prove that he can replicate foreign-made luxury SUVs. I'm for Katanka but his business model sucks!
Very soon Boeing will set up an assembling plant in Ghana and the icing on the cake will be NASA. After they have set up their plant, they will then launch it to Mars. Lol