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French automaker Renault announced Monday that it was planning to set up a badembly plant in Ghana.
This brings to four the number of automakers considering setting up badembly plants in Ghana.
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The German auto giant, Volkswagen, the Japanese Nissan and the Chinese Sinotruk hope to establish badembly plants in the country.
Fabrice Cambolibe, Vice President and President of Renault's Africa, Middle East and India (AMI) region, revealed this information by addressing President Nana Addo Dankwa Akufo-Addo at the Jubilee House in Accra.
He told President Akufo-Addo that Renault had thoroughly studied the business climate in Ghana and added: "We will see if our ability to import our products into this country is in line with your policy and, if you feel comfortable, we will be happy to do it. "
"I have noticed a lot of values in the country and they are very important to us. I hope we can make it a reality in a really difficult project, not a short-term project, but a long-term project, and if everything fits, we'll get back to you as soon as possible. "
President Akufo-Addo welcomed the installation of the French manufacturer in Ghana, saying it is an indication of the world's confidence in the country's economy and the business-friendly policies that the government has introduced in the past. last two years.
Ghana, he said, because of its geographical location and sound economic policies and prospects, is the most ideal country in West Africa to establish a rallying point.
Noting that Ghana was now the main recipient of foreign direct investment in West Africa, the president said that Renault could not have chosen a better location to camp.
"We are the second largest economy in West Africa, so there are many reasons why Ghana is a country well placed for you.
"We see ourselves as the gateway to West Africa on a market of some 350 million inhabitants, which is expected to reach 500 million by 2030. So we think it will be a good place for you, do it, "said the president.
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Renault was founded in 1899. The company manufactures a wide range of vehicles, including cars and vans, trucks, tractors, tanks, buses / coaches and railcars.
In 2016, Renault was the ninth largest car manufacturer worldwide in production volume. In 2017, the Renault – Nissan – Mitsubishi alliance became the world 's leading light – duty vehicle manufacturer, surpbading Volkswagen AG.
The Renault group, headquartered in Boulogne-Billancourt, near Paris, is made up of the same name, Renault Marque, and its subsidiaries Alpine, Automobile Dacia of Romania, Renault Samsung Motors of South Korea and AvtoVAZ of Russia .
It holds a majority stake of 43.4% in Nissan, Japan, and a 1.55% stake in Daimler AG, Germany (since 2012, Renault has been manufacturing engines for Daimler's Mercedes Clbad A and Clbad B cars).
Renault also has subsidiaries RCI Banque (automobile financing), Renault Retail Group (automobile distribution) and Motrio (auto parts).
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It has various joint ventures, including Oyak-Renault (Turkey) and Renault Pars (Iran). The French government holds a 15% stake in Renault.
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