Trade Min. makes a case for procurement of locally assembled vehicles by MDAs

The Minister of Trade and Industry, Kobina Tahir Hammond has encouraged government to “concentrate” on handholding local vehicle manufacturers/assemblers by purchasing from them in order to boost production, create market access and shore up the automobile sector.

According to Mr. Hammond, Municipal, Departments and Agencies (MDAs) to consider buying locally produced or assembled vehicles in a bid to provide market access for these companies.

The Automotive Industry is globally recognized as a key strategic sector for stimulating multiplier e ects in terms of industrial transformation, and as a power- ful driver of employment, foreign investment, innovation, and economic growth, contributing directly and indirectly to a country’s GDP and positive balance of payments.

These assembly investments supported by global vehicle brands are key considering the current automotive technology revolution and globally competitive landscape and is expected to provide partnering opportunities for domestic investors through the automotive value chain.

Speaking with journalists after a tour of the Toyota Tsusho Manufacturing Group (TTMG), Japan Motors Assembly Plant and other agencies under the Tema Export Processing Zone at Tema on