Ichiro Kashitani, president and chief executive officer of Toyota Tsusho Corporation, has announced that the company will start assembling its vehicles in Ghana from August 2020.

Speaking on Thursday during the signing of memorandum of understanding (MoU) with the Ghanaian government for the establishment of a Toyota and Suzuki assembly plant in the country, Kashitani said the project will last for life.

“We consider the project of the assembly plant a marriage. It lasts for life, and it is a long-term project,” he said.

President Nana Akufo-Addo, however, stated that the signing of the MoU with Toyota Tsusho falls in line with the vision of making Ghana an automotive hub for West Africa and the larger African market.

The president noted that Ghana is the base to reach the larger African market with the coming into force of the African Continental Free Trade Area (AfCFTA).

We are attaching a great deal of importance to the initiative and development,” the president said.

“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.”

On his part, Imai Toshimitsu, chief operations officer in charge of the Africa division of Toyota, said the decision to set up in Ghana has been necessitated by the favourable economic climate prevailing in the country.

“We are willing to participate in the automotive industry in Ghana,” he said.

“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.”

Toshimitsu said the decision to assemble Suzuki vehicles in Ghana is sequel to the acquisition of 4.9% stake in Suzuki by Toyota Tsusho, on Wednesday, making the company a principal shareholder in Suzuki.

“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,” he stated.

“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.”

https://www.thecable.ng/video-toyota-seals-deal-to-site-assembly-plant-in-ghana

Video of the signing.....

https://www.youtube.com/watch?v=ARl70N3FCa8

Meanwhile our president is busy photoshopping, taking selfies and hiding from unarmed protesters

Ghana, the real giant of Africa

Nice move

OfoIgbo:
Meanwhile our president is busy photoshopping, taking selfies and hiding from unarmed protesters

Photoshopping, meaning he is not in Japan but wants us to think he is

Yet hiding from unarmed protesters, presumably in Japan.

You need to recharge

Simplyleo:

Photoshopping, meaning he is not in Japan but wants us to think he is

Yet hiding from unarmed protesters, presumably in Japan.

You need to recharge

Why did Ghana attract Toyota while Nigeria, giant of Africa(indeed) attracts only handshakes

Simplyleo:

Photoshopping, meaning he is not in Japan but wants us to think he is

Yet hiding from unarmed protesters, presumably in Japan.

You need to recharge

Why not comment on d post ? Were dey not all in d meeting together? While he was posing for photos with d Toyota CEOs, the Ghanaians were talking business but yet all ur brain has being programmed to process is IPOB related issues

And buhari is in the same Japan o.

He allowed a country of less than 30million people to out maneuver him.

We have never had it this bad.

Our president dey the same country but hiding from cameras and his own people

The only thing him dey do na to sign vague bilateral trade agreement as if we get anything to trade apart from oil

How can you expect the Japanese to site an assembly plant in Nigeria when the economic climate is not favourable. Coscharis is already regretting establishing a Ford assembly plant in Nigeria.

Great one

I don't blame them....it's a stable country unlike the zoo.

Hahhaha, Bubu don fail again

Japan organized TICAD to help African countries with funds, technical support and an avenue for Businessmen on the continent to network with theirs.

Rwanda, Botswana, even Lesotho went with several young entrepreneurs.

Nigeria went with old civil servants carrying Buhari’s bag.

This is was originally scheduled to be built in Nigeria under Jonathan, Buhari came in and cancelled the deal.
Google it.

buhari went to take pix


all his useless travelling has yielded nothing but bogus estacode


for kiyari

Ikengawo:
This is was originally scheduled to be built in Nigeria under Jonathan, Buhari came in and cancelled the deal.
Google it.

hope this is a lie

we never serious

some of you expecting Toyota to start production in this country are just dumb..
the economy and stupid policies will fustrate them before they even start

Davash222:

Why did Ghana attract Toyota while Nigeria, giant of Africa(indeed) attracts only handshakes

Chisos!!!!!!!!! !

Ok...nice one

While in my country,Nigeria... Our leaders are busy fighting each other and embezzling the public funds.

Na only God fit save this country.

Well, my people...Do you need Pure Original HOney?

Call or whatsapp me on 081 0166 6771

Since 2015 PMB dey go up amd down and sugning this and that yet no show. Who go come invest in a country where no light, corruption is a norm, tension left and right, etc. PMB go work on yourself and your country. Instead of only yourself while your country is living a lie

Who wan leave country wey get security go where there is no security & lawlessness to invest. Sentiments aside...Ichiro made a wide choice.

do you guys expect Toyota to come to Nigeria a country that has its leaders fighting against tech advancement rather they want the whole country turned to a grazing field for their cow.

Toyota would never come here because of our poor power supply, harsh government policies , deep corruption (although the Mr integrity claims he is fighting it ) , bribery , insecurity , unstable government, nepotism, abuse of human rights amongst many

Even the people that are starting up indigenous car production and car assembling are being victimised because tribalism through useless government policies


Ghanaians took home a major deal while Mr integrity would be coming back with selfie pictures.

I wonder If he saw a single cow roaming the streets of Japan


always travelling and coming back empty handed, let me see any olodo zonebees coning to defend him here
nonsense

WHAT THE DULLARD CANT DO UPON WE ARE THE HIGHEST CONSUMER OF TOYOTA PRODUCT IN AFRICA.
IF NA TO BRING RUGA HERE NOW WE NO GO HEAR WORD

Who is going to invest in a country like Nigeria with insecurities and bad business policies from the government.

Nice one Ghana, Nigerian pele