The Minister for Trade and Industry, Mr Kwabena Tahiru Hammond, has reiterated the government’s readiness to work closely with the South Korean government to promote trade and diplomatic ties between the nations.
He made this affirmation when the Speaker of the National Assembly of South Korea, Mr Kim Jin-Pyo and the South Korean Ambassador to Ghana, H.E. Jung-take Lim paid a courtesy call to him last Thursday in Accra.
According to him, the government as part of its transformational agenda, has identified Vehicle Assembly and Automotive Components Manufacturing as a strategic anchor industry to be facilitated and supported as part of the Ten Point Plan for industrial development.
He stated that the positive signal has helped Ghana to attract investment in vehicle assembly from leading Original Equipment Manufacturers and investment partners, with positive projections of spill-overs into local manufacturing.
“The initial scope of the Ghana Automotive Development Policy (hereafter referred to as “the Auto Policy” is to provide the necessary framework to establish assembly and manufacturing capacity in Ghana,” he added.
The courtesy call was to seek Ghana’s support to host the World Expo 2030 and shed light on the significance of the Expo and its potential to foster mutual understanding, cooperation, and cultural exchange among both nations as well as strengthen bilateral trade between the two countries.