The Ministry of Trade and Industry has inked a MoU with a well known German auto major, Volswagen, to set up an automotive assembly facility in Ghana.
The memorandum of understanding, which got inked between Volswagen and the Ministry at the Business Dialogue in Accra on August 30, was assistded by the Delegation of German Industry and Commerce.
The signing ceremonial was attended by the visiting German Chancellor, Dr Angela Merkel and Vice President Dr Mahamudu Bawumia.
Mr. Schäfer signed in support of the Volswagen, whilst Mr Alan John Kwadwo Kyerematen, the sector head, inked for the Ministry.
In addition, Voith Hydro Holding GmbH & Co. KG and Tabcon Limited, inked MoU to provide technologies for the building of a hybrid solar / hydro power facility in Ghana.
Ms. Bergmann signed in aid of Voith Hydro Holding GmbH & Co. KG, whilst Dr. Tabirih inked for Tabcon Limited.
Another MoU got inked between Robert Bosch Packaging Technology GmbH that was symbolized by Mr. Touban and ASPIRx was represented by Mr. Clocanas, to provide techs for the setting up of a vaccine plant in the nation.
In an address, Vice President Dr Mahamudu Bawumia stated that the addition of Ghana during the G20 proposal “Compact with Africa” under the German Presidency in the year 2017 was a real revelation of Ghana’s wish to realise a “Ghana beyond Aid”.
He mentioned that the “Ghana beyond Aid” was aspired at ensuring private segment contribution to cause investment and trade.
To achieve that idea, he said the administration had boarded on a variety of public sector reforms to generate conducive surroundings for the private sector to thrive.
Vice President Bawumia noted that administration was setting up the road for industries to add worth to the raw materials via agro processing.
Hannah Weber is a seasoned journalist with nearly 10 years experience. While studying journalism at FernUniversität Hagen, Hannah found a passion for finding engaging stories. As a contributor to Deutch News, Hannah mostly covers human interest pieces.