Ghana seems to be the hot spot for foreign investments as Hyundai and Kia are set to set up their assembly in the country


The two companies joined Toyota-Suzuki, Nissan, Kantanka, Volkswagen and Sinotruck in Ghana

- Just two weeks ago, Twitter had also snubbed Nigeria to establish its headquarters in Ghana

More global companies seem to be snubbing Nigeria despite its status as the largest market in Africa, as Hyundai and Kia followed the path of Twitter to base their assembly plants in Ghana.

The two automakers will now manufacture and assemble their vehicles in Ghana and distribute them to other African countries for sale. Both Hyundai & Kia plan to establish the assembly plants in the West African country before the end of next year.

Aside from Hyundai and Kia, other car manufacturers like Toyota-Suzuki, Nissan, Kantanka, Volkswagen, and Sinotruck have already made Ghana one of their assembly locations in Africa.

When the foreign brands start distributing their vehicles to their market in Africa, Nigeria will have to depend on Ghana to import cars. This means Nigeria will become a source of revenue for the neighbouring country in auto market.

In a statement announcing the decision of Hyundai and Kia, Ghana's Minister of Trade & Industry, Alan Kyerematen, stated:

"Pleased to announce that Hyundai & KIA are set to establish assembly plants in Ghana by the end of 2022 to join Toyota-Suzuki, Nissan, Kantanka, Volkswagen & Sinotruck.

"The Ghana Auto Development programme = 3,600 assembly & 6,600 manufacturing parts jobs in Ghana. #InvestforJobs." He wrote on Thursday.
The entry of the two automotive companies followed Twitter's decision to snub Nigeria, a country that offers the social media firm its second-largest users in sub-Saharan Africa.

The entry of the two automotive companies followed Twitter's decision to snub Nigeria, a country that offers the social media firm its second-largest users in sub-Saharan Africa.


https://www.google.com/amp/s/www.legit.ng/amp/1412891-hyundai-kia-chooses-ghana-ahead-nigeria-their-car-assembly-plant.html

It would take a century and half to undo the damage these nincompoops have done to this country

They should also sell their product to Ghana


Innoson and other car product are enough for Nigeria

Anyone still supporting these doorknobs in govt should know you’re all complicit to the destruction of Nigeria

Bettykeys:
They should also sell their product to Ghana


Innoson and other car product are enough for Nigeria

it’s about the jobs and revenue bro..

Lai Mohammed right now...

The white are seeing the hand writing on the wall, knowing that Nigeria will collapse at any moment!
Ghana apparently taking over leadership role from Nigeria in West- Total collapse of this contraps is eminent..

If we can support our own vehicle local manufacturers we are sure better than Ghana

China isn't where it is today by being dependent on foreign direct investments

Ghana is more of killing its manufacturing sector

But still Nigeria which way ?

Do we have government?

What happened in 2015?...

Another own goal

Ghana sabi show off with Nigeria we know we have bad government know but we know where Ghana dey with us dem na amateur

They all knew Nigeria had since expired.

These cursed APC and their cronies have finished this entity.

The international community knows what's happening in Nigeria but what's confusing them is the foolishness of southerners who can't stamp their feet and demand for a break up. Imagine the pitching Southern Nigeria and Ghana. Ghana stands no chance yet fools down South want to continue with a toxic dead weight that scares away investors.
I always wonder the type of creatures we have in the south. God forbid bad thing.

Some people really think they can build a prosperous country with the hordes of terrorists up north. Ok o. Make we dey look una.

Before nko, is it a country that is insecure and don't even have light they will invest their company.
I weep so much for Nigeria. When countries are moving forward Nigeria is just running backwards everyday.

Hyundai and Kai have assembly plants in Nigeria already.

8. Don't post false information on Nairaland.