{"id":11104,"date":"2018-09-02T10:53:38","date_gmt":"2018-09-02T10:53:38","guid":{"rendered":"https:\/\/www.kumasionlinegh.com\/?p=11104"},"modified":"2018-09-02T10:53:38","modified_gmt":"2018-09-02T10:53:38","slug":"vw-plant-to-be-set-up-by-last-quarter-of-2018-pius-hadzide","status":"publish","type":"post","link":"https:\/\/www.kumasionlinetv.com\/?p=11104","title":{"rendered":"VW plant to be set up by last quarter of 2018 \u2013 Pius Hadzide"},"content":{"rendered":"
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The logo of German car maker Volkswagen (VW) is seen at Northern Virginia dealer in Woodbridge, Virginia on September 29, 2015. Wall Street stocks dropped for the week despite some improving US data as worries ranging from a slowing Chinese economy to the Volkswagen emissions scandal dampened sentiment. Volkswagen came under pressure after reports surfaced concerning the manipulation of values of emission in VW vehicles equipped with diesel engines. AFP PHOTO\/PAUL J. RICHARDS \/ AFP \/ PAUL J. RICHARDS (Photo credit should read PAUL J. RICHARDS\/AFP\/Getty Images)<\/figcaption><\/figure>\n

Pius Enam Hadzide, Deputy Minister of Information, has disclosed that German car manufacturer Volkswagen\u2019s (VW) vehicle assembly plant would be set up in Ghana by the last quarter of 2018.<\/p>\n

According to him, government has already signed a memorandum of understanding (MoU) with Volkswagen South Africa.<\/p>\n

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Speaking on\u00a0Citi TV,\u00a0the Deputy Minister said the MoU would be properly implemented to make way for the set-up as soon as possible.<\/p>\n

\u00a0\u201c<\/strong>We have just signed an MoU; it has to be properly implemented. Ghana doesn\u2019t have to go to Germany, we have signed an MOU with Volkswagen South Africa. We have the framework already. Hopefully, by the last quarter of this year, they should start setting up the plant,\u201d he said.<\/strong><\/p>\n

President Nana Akufo-Addo welcomed the\u00a0move by\u00a0Volkswagen<\/strong>\u00a0<\/a>to set up vehicle assembly plant in Ghana as something that will strengthen Ghana\u2019s economy.<\/p>\n

At a joint press briefing held as part of the visit of the German Chancellor, Angela Merkel to Ghana, the President indicated that there was an agreement between Volkswagen, the government and a local company.<\/p>\n

This was after a business meeting between officials from Ghana and a German business delegation.<\/p>\n

\u201cThere are so many areas that our bilateral relationship has offered us, but the key part of it for me is the emphasis on investment and trade cooperation,\u201d\u00a0President Akufo-Addo said.<\/p>\n

We\u2019re not scared of competition \u2013 Kantanka<\/strong><\/p>\n

Meanwhile, the Chief Executive Officer (CEO) of indigenous firm, Kantanka Automobile Company, Kwadwo Safo Jnr., says his company is\u00a0not scared of competition<\/a><\/strong>\u00a0from any international automobile firm seeking to set up in Ghana.<\/p>\n

He however advised the government to focus on making good policies that will protect a local automobile industry like theirs and help them grow.<\/p>\n

\u201cMr. President. [The] Only thing we need is good policies to protect the automobile industry and help grow our local industries \u2026To anyone that thinks @KantankaAuto is scared of competition. We are not. I simply want better policies for our auto industry,\u201d he stated on Twitter.<\/p>\n

VW in Rwanda<\/strong><\/p>\n

In June 2018, Volkswagen opened a $20 million assembly plant in Rwanda with the expectation of creating 1000 jobs. The German carmaker also has plans to co-operate with a local company to establish a ride-sharing service in the country.<\/p>\n

The Polo was the first model made at the site, and the firm is targetting an annual production of 5,000 cars in the first phase, by also building its Passat, Tiguan, Amarok, and Teramont models.<\/p>\n

The VW assembly plant in Rwanda has been using\u00a0components shipped from South Africa to Rwanda via Kenya.<\/p>\n

\u2013<\/p>\n

Source : Citinewsroom.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Pius Enam Hadzide, Deputy Minister of Information, has disclosed that German car manufacturer Volkswagen\u2019s (VW) vehicle assembly plant would be set up in Ghana by the last quarter of 2018. According to him, government has already signed a memorandum of understanding (MoU) with Volkswagen South Africa.       Speaking on\u00a0Citi TV,\u00a0the Deputy Minister said […]<\/p>\n","protected":false},"author":2,"featured_media":11105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"iawp_total_views":0,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-11104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nVW plant to be set up by last quarter of 2018 \u2013 Pius Hadzide - Kumasi Online TV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kumasionlinetv.com\/?p=11104\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VW plant to be set up by last quarter of 2018 \u2013 Pius Hadzide - Kumasi Online TV\" \/>\n<meta property=\"og:description\" content=\"Pius Enam Hadzide, Deputy Minister of Information, has disclosed that German car manufacturer Volkswagen\u2019s (VW) vehicle assembly plant would be set up in Ghana by the last quarter of 2018. 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