Ghana to Draw Up Auto Policy in Pledge With Nissan Over Plant
- Rules for automotive sector to be finalized by December
- West African nation seeks to lure automakers to hasten growth
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Ghana pledged to draw up a policy that will govern a future automotive sector in an agreement with Nissan Motor Co. Ltd. in which the Japanese vehicle manufacturer undertook to open an assembly and manufacturing plant.
The West African nation is luring automakers to set up factories in the country and has signed agreements with Volkswagen AG and China’s Sinotruk International in the last three months. The government of President Nana Akufo-Addo seeks to diversify sources of growth after revenue from new oil fields accelerated economic expansion to 8.1 percent in 2017.