South Korean multinational automotive manufacturers, Hyundai and KIA are set to establish assembly plants in Ghana by the end of 2022.
Ghana’s minister for trade and industry, Alan Kyerematen, announced the development via his official Twitter handle on Thursday.
According to him, the local assembly of vehicles will create 3,600 direct and indirect jobs in Ghana, and the addition of components and parts manufacturing will also add about 6,600 direct and indirect jobs.
Alan John Kyerematen tweeted, “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”
The move is a product of the Ghana Automotive Development Programme orchestrated by the Ghanaian Government in partnership with some players in the industry, a development Kyerematen noted will see other automobile firms setting up assembly plants in the country.
The company will be joining Toyota-Suzuki, Nissan, Kantanka, Volkswagen and Sinotruck as automobile companies which have assembly plants in Ghana.
This move less than a month after social media giant, Twitter, announced that its African base will be located in the country.