The Minister of Trade and Industry, K.T. Hammond, has disclosed that the government will create 2,000 jobs within a year from vehicle assembly plants.
The creation of these new jobs he claimed was due to government’s deliberate policy intervention.
Speaking at the inaugural Ghana Mutual Prosperity Dialogues, the Minister revealed that
the legislative instruments for the full implementation of the Automotive Policy will be completed next year.
“So far, our estimates suggest that we can increase outputs from Vehicle Assembly Plants from 2,800 vehicles to around 7,500 by 2024, thereby giving us the critical mass to create at least 2,000 jobs within a year from vehicle assembly plants alone. Also, our legislative instruments for the full implementation of our Automotive Policy will be completed next year, ensuring that a framework for the development of Vehicle Assembly Plants and automotive components will guide our economic expansion going forward”.
“It is profound to note that over a relatively short span of 3 years of a deliberate policy intervention to create a new automotive sector, Ghana is now recognised as an emerging hub for vehicle assembly”.
He went on to explain that an analysis of Ghana’s comparative advantages has resulted in a renewed policy focus on strengthening the textiles and garments, as well as pharmaceutical industries.
“We expect to create about 30,000 jobs in garments manufacturing and exports by the end of 2024”.