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Business News of Thursday, 12 December 2019

Source: www.ghanaweb.com

Trade Minister hints major revamp at Suame Magazine

Minister of Trade and Industry, Alan Kwadwo Kyerematen play videoMinister of Trade and Industry, Alan Kwadwo Kyerematen

Trade and Industry Minister, Alan Kyerementan, has disclosed that a major part of the Ghana Automobile Development Programme, is expected to completely revolutionize the inventions ongoing by technicians at the Suame Magazine area.

According to him, the ministry is currently working with some automobile consultants from South Africa in a bid to form partnerships to develop the capacity of the technicians at the Suame area.

“Even though we have not made this public, a major part of the Ghana Automobile Development Programme is to completely revolutionize what is happening at Suame. We have been working with our consultants from South Africa and they were amazed at the capacity of our technicians in the Suame Magazine area. They were very convinced that we developed their capacity and feed them in into the Automobile Development Programme so that Ghana will go very far in its automobile industry”

Alan Kyerementan made this known speaking at a lecture organised by the Danquah Institute on the theme: “Industrializing Ghana Beyond Aid for an Integrated Africa,” in Accra on Wednesday, December 11, 2019.



The Minister added government’s vision was to transform the country into a major modern automobile manufacturing hub in Africa, stressing that, the new regime of incentives and benefits provided under the Ghana Automotive Policy had attracted Toyota Ghana, Volkswagen, and other global automobile companies to invest in the vehicle assembling and manufacturing industry in the country.

Earlier, government made the commitment to work with authorised automobile dealers and distributors as well as leading financial institutions to introduce a comprehensive financing scheme to enable Ghanaians to buy ‘Made in Ghana’ vehicles.

Suame Magazine, is an industrialized area in Kumasi in the Ashanti Region with many workshops for metal engineering and vehicle repairs in Ghana, employing an estimated 200,000 workers.

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