President Nana Akufo-Addo on Thursday morning commissioned the Nissan Assembly Plant located in Tema.
The new state-of-the-art assembly plant is said to have the capacity to assemble 5,000 new vehicles annually.
Speaking at the commissioning, President Akufo-Addo noted that the importation of motor and transport vehicles constitutes the leading import into Ghana, estimated at $1.5 billion annually.
He noted that the emergence of Covid-19 has emphasised the need for Ghana to be self-reliant and produce domestically.
He said the presence of the facility comes to support the industrial transformation agenda to diversify the economy.
“Today marks yet another important milestone in our quest to make Ghana a new manufacturing hub for Africa, in particular, realise our vision of becoming a leading player in the automobile industry in Africa. I’m delighted that in the automobile sector, we have attracted investment from a number of global iconic brands,” he added.
The President noted government recognises that the establishment of assembly plant alone does not create the significant deployment opportunities expected from the automotive industry.