Japan supports Ghana's industrialization program



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Tsutomu Himeno and Yaw Osafo-Maafo exchanging greetings

Tsutomu Himeno and Yaw Osafo-Maafo exchanging greetings

Japan has reopened its office of the Japan Foreign Trade Organization (JETRO) in Accra and is said to be ready to support the country in its industrialization program.

The establishment of the JETRO office in Ghana will help establish close collaboration with Ghana and other African countries and will also attract Japanese investors around the world.

Japan's ambbadador to Ghana, Tsutomu Himeno, made the announcement when he paid a courtesy call on Prime Minister Yaw Osafo-Maafo to his office in Accra.

Meeting

The two officials discussed issues of common interest for Ghana and Japan.

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This meeting was a follow-up to President Nana Akufo-Addo's visit to Japan last year, during which he invited the Japanese government and the business community to invest in Ghana, in particular, to capitalize on of the Government of Ghana's automotive sector development policy. had initiated.

Mr Himeno said the JETRO Ghana office would support more Japanese business investment in the country, in order to take advantage of the opportunities offered by the Africa sub-region of Africa. 39; West.

JETRO is a Japanese government-related organization that works to promote mutual trade and investment between Japan and the rest of the world.

It was established in 1958 to promote Japanese exports abroad, but in the 21st century it focused on promoting foreign direct investment in Japan and badisting small and medium-sized enterprises. Japanese companies to maximize their global export potential.

More support

Mr. Himeno said the meeting was also intended to help him better understand the kind of support that Japan could offer to the College of Engineers of the Kwame Nkrumah University of Science and Technology (KNUST), which had drafted a proposal for support from the Japanese government.

He added that the Japanese Prime Minister, Mr. Shinzo Abe, had asked him to support the college, hence the need for him to learn more about the technical details of the support needed.

Prime Minister

Mr. Osafo-Maafo recalled that the government had put in place the development policy of the automobile industry in Ghana and that, as a follow-up to it, renowned car manufacturers around the world had proposed to create vehicle badembly plants in the country.

"Ghana has recently attracted considerable interest from major global automakers in response to the government's priority focus on the auto sector as a strategic anchor point of the plan. Ghana's industrialization, "said the prime minister, encouraging the Japanese government to seize the opportunity offered by the auto industry.

According to Mr. Osafo-Maafo, 89% of the cars used in Ghana were second-hand and the government therefore wanted to encourage the use of new cars, which is why it was ready to offer incentives to local and foreign companies . automotive companies.

Ghana is currently one of the fastest growing economies in the world, with a very favorable investment climate, relatively efficient and growing infrastructure (energy, ports, roads and railways).

The pursuit of industrialization places the country in a strategic position to become an automotive manufacturing center in the ECOWAS subregion.

Mr. Osafo-Maafo also encouraged the Japanese ambbadador to support the implementation of public sector reforms in Ghana, as a key mandate of his office to improve the efficiency and delivery of services to citizens and the public. private sector.

He added that the World Bank was partially funding the reforms and asked the Japanese government, with an effective public service delivery system, to contribute to the financing and implementation of the reform.

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