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\n<\/div>\nOfficials from Suzuki Motor Corporation, Toyota Tsusho Corporation\u00a0and CFAO have announced a joint venture to manufacture and distribute vehicles in Ghana.<\/span><\/p>\n \u00a0At a courtesy call on President Akufo-Addo, on Tuesday, March 19, 2019, at Jubilee House, Mr. Koyote Suzuki, General Manager for the Middle East and Africa of Suzuki Motor Corporation, told the President that with the company producing some 1.8 million vehicles in India alone, \u201cmy mission is to find our next India in the continent of Africa.\u201d<\/span><\/p>\n <\/p>\n \u00a0\u201cOur next phase of growth will come from Africa, but we need to find the right partner in Africa for manufacturing and distribution after <\/span>sale<\/span><\/span> of our vehicles,\u201d he stated.<\/span><\/p>\n Suzuki, he said, has partnered with Toyota in Africa, and are currently working in some 26 countries.<\/span><\/p>\n <\/p>\n \u201cWe came to know from Toyota that the Ghanaian government is planning to roll out a new automotive policy. We heard this from Toyota executives who paid a visit here last month. We are highly interested in participating in this initiative by the Ghanaian government. We wish to start production here, grow it and expand it,\u201d the Suzuki General Manager added.<\/span><\/p>\n Mr.<\/span> Masafumi Yamashita, from Toyota Tsusho Corporation, in his remarks, noted that Toyota Corporation and CFAO have the largest automotive distribution network in Africa, and have <\/span>the ambition<\/span><\/span> to contribute to and support further development in African countries.<\/span><\/p>\n \u201cOur vision is with Africa and for Africa. This time, we commit to <\/span>work<\/span><\/span> together with Suzuki Motor Corporation for the future development of the automotive industry here in Africa, as a strategic partner,\u201d he added.<\/span><\/p>\n On his part, President Akufo-Addo told the gathering that \u201cthese three companies that have come together to push an idea, here in Ghana, is an idea that we have to welcome.\u201d<\/span><\/p>\n <\/p>\n His Government, he explained, is interested in developing a vibrant and dynamic automobile industry in Ghana, and has made several initiatives towards that end.<\/span><\/p>\n \u201cFinally, I believe we are now ready to outdoor our automotive policy which will enable people like you <\/span>know<\/span> what is available to you in terms of government support, and also the obligations that will be upon <\/span>you,<\/span><\/span> if you enter the Ghanaian space,\u201d the President added.<\/span><\/p>\n With the economy projected to grow by 7.9% this year, and the country recognized as one of the most stable countries on the continent, where the rule of law works, President Akufo-Addo stressed that \u201cthis is architecture designed expressly to try and attract investments into our country.\u201d<\/span><\/p>\n <\/p>\n President Akufo-Addo told the delegation that \u201cyou are very welcome, and it will be very good news for the people of Ghana if they were to hear that Suzuki has teamed up with Toyota Tsusho and CFAO to establish a facility here in Ghana.\u201d<\/span><\/p>\n With Suzuki manufacturing <\/span>1.6-litre<\/span> engine vehicles in India, the President stated that \u201cthese are exactly the kind of cars that should have <\/span>a very<\/span><\/span> successful entry into the Ghanaian market.\u201d<\/span><\/p>\n <\/p>\n<\/div>\n