Vice President Dr Mahamudu Bawumia says German automobile firm Volkswagen set up its assembly plant in Ghana under the One-District One-Factory Programme.
He noted that the company was able to survive, as it has already started assembling and selling its cars in Ghana, as a result of the enabling business environment created by the government.
Speaking at the Ghana Academy of Arts and Sciences in Accra on government’s infrastructural policies, Dr Bawumia said a total of 183 companies have been set up under the 1D1F Programme.
Sixty-one are existing companies, he said, explaining that those companies were given the needed capital boost to set up in districts of operation.
The Vice President said 48 of these existing companies have been completed and are in operation.
As regards the new companies, he said they total 122 with 28 completed and 31 are at various stages of completion.
Among the new companies is VW, whose franchise in Ghana is under Universal Motors Limited with Jeffrey J Oppong Peprah as the Chief Executive Officer.
On Monday, August 3, 2020, President Nana Addo Dankwa Akufo-Addo unveiled the first VW vehicle assembled in Ghana.
The car is the VW Tiguan with a promise that other models such as Teramont, Amarok, Caddy, Polo and Passat wll follow.
By Emmanuel Kwame Amoh|3news.com|Ghana
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