Nissan signs agreement
The Nissan Group of Africa signed a Memorandum of Understanding (MoU) with the Government of Ghana recently to forge a strategic partnership and ensure the successful introduction of an automotive programme.
“The MoU seeks to unlock economic potential, promote development of the automotive sector and promote investor-friendly regulatory frameworks that encourage sustainable automotive manufacturing,” said
Mike Whitfield, managing director of Nissan Group of Africa.
“The aim is to work together with governments and industry bodies in West Africa to help with the formulation of the auto policy across the continent. The auto industry has been the catalyst for economic growth in many countries across the world and we believe that Ghana is next, Nissan is the top-selling automotive brand in Ghana and during 2017 secured 32,8% market share. The automotive industry contributes to job creation, small business development, skills development and innovation and contributes to gross domestic product (GDP).
Ghana’s total industry volume has been steadily increasing over the years at a rate of about 10% and one-ton pick-ups account for 38% of the vehicle market with small, medium and large SUVs at 20% and minibuses at 14%.