Toyota Tsusho Corporation will start to assemble vehicles in Ghana in August next year, the President and Chief Executive Officer of the Corporation, Ichiro Kashitani, has said.
“We are willing to participate in the automotive industry in Ghana. I am very happy that we have reached the consensus and principal agreement to start the Toyota and Suzuki assembly plants. We are planning to kick-off the project immediately, and, hopefully, we will have first car made in Ghana this time (August) next year. Thank you very much for your support,” he said on Thursday, 29th August, 2019, when the Government of Ghana and Toyota Tsusho Corporation signed a Memorandum of Understanding for the establishment of a Toyota and Suzuki Assembly Plant in Ghana.
Mr. Imai Toshimitsu stated that details of the work to be undertaken in Ghana, including the volumes and models of the vehicles to be produced, are contained in the MoU.
“The products to be assembled in Ghana include the Toyota Hilux pickup, which is already popular in Ghana. Since it will be locally produced, I hope it will be more popular. We are also planning to introduce small passenger cars, with two Suzuki brands,” the Toyota COO explained.
The decision to assemble Suzuki vehicles in Ghana, according to Mr. Imai Toshimitsu, follows the acquisition on Wednesday, 28th August, 2019, of a 4.9% stake in Suzuki by Toyota Tsusho, thus making Toyota a “principal shareholder” in Suzuki.
“So, Suzuki products will be assembled and sold in Ghana. The cars which will be produced in Ghana are our core models for Africa and Ghana customers,” he stressed.
President Nana Addo Dankwa Akufo-Addo assured him that the government of Ghana will ensure the company is supported in its agenda.
“We are attaching a great deal of importance to the initiative and development,” he said.
He added: “We want to assure you that, whatever it is we can do on the side of the Ghana Government to provide you with the necessary support and assurance that the investment you are going to make in our country will be worth your while, you can count on us to do that,” he said.