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Government to introduce comprehensive vehicle financing scheme

The government is working with authorised automobile dealers and distributors as well as leading financial institutions to introduce a comprehensive vehicle financing scheme to enable Ghanaians to buy ‘Made in Ghana’ vehicles.

Also, it had entered into discussions and negotiations with global automobile manufacturers, including Toyota Ghana Limited to establish vehicle assembling plants as part of the country’s industrial transformation agenda.

The vehicle assembling and automotive industry is one of the 10 strategic anchor industries that is being developed in Ghana to serve as new pillars of growth and as well diversify the economy, away from cocoa, gold and other mineral resources.

Mr Alan Kyeremanten, the Minister of Trade and Industry, said this at the commissioning of a new ultra-modern facility of Toyota Ghana Limited located at the Accra-Motorway road.

He said the government would take all the necessary steps to attract component manufacturers to invest in the country under the Component Supply Development Programme and also provide support to Small and Medium Enterprises to participate in the supply chain of the programme.

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

Mr Takuya Kajiura, the Managing Director of Toyota Ghana Limited said the company had increased its shares in the automobile market to 26 per cent, emerging as the number one company by the Ghana Automobile Distributers Association statistics.

He said the company had signed a Memoranda of Understanding with the University of Ghana to construct a multipurpose training complex for the University’s School of Engineering, which would include a body workshop and a practical training for engineering students.

Mr Kajiura said the company as part of its long-term vision had invested in infrastructure for network expansion and would continue to offer customers the maximum experience and satisfaction of service.

“We have considered corporate social responsibility as a tool for national development and a pillar for business growth. We annually commit a portion of our profit to CSR activities in the areas of health, environment, education and road safety,” he added.

Mr Tsutomu Himeno, the Ambassador of Japan to Ghana, said the new edifice would contribute significantly to skills development of workers and enhance national development.

Mr Shinichiro Otsuka, the General Manager of Toyota Africa Automotive Department, Toyota Tsusho Corporation, said the new facility would further improve Toyota Ghana’s sales and after sales service and as well help hone customer satisfaction.

Mr Jiro Itali, the Executive Director, Marubeni Corporation, described the facility as a citadel of automobile innovation with all the sophisticated technologies to improve quality service delivery.

Toyota Ghana Company was incorporated in Ghana in 1998 by the investment of Marubeni Corporation, Japan and Marubeni Auto Europe in South Africa and Belgium. GNA

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