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A national auto policy to guide and regulate Ghana's new car industry will be launched in March, said President Akufo-Addo.
This comes as some auto companies have announced plans to soon establish their badembly plants in the country.
Speaking Thursday during the State of the Nation Address, President Akufo-Addo said the new policy would not only apply to foreign automakers, but also to local builders.
He said: "In March, the National Automotive Policy will outline the general conditions and incentives for participation in Ghana's new auto industry. This will also apply to local car companies. "
Global car offers
According to a report by the consulting firm PwC, the number of mergers in the global automotive sector has more than doubled to reach an all-time high of $ 97.5 billion in 2018 compared to the previous year, thanks to mega -accords in the auto parts sector.
Five mega-agreements totaling $ 42 billion in the component supplier segment accounted for 43% of the total value of mergers and acquisitions last year, companies investing to track the movement of automakers in autonomous driving , connected cars and electric vehicles. says the report.
Cross-border mergers and acquisitions activity slowed in 2018 due to increased trade tensions and less focus on geographic expansion, PwC said.
The number of deals worth more than $ 1 billion, or 20, was the highest ever recorded by PwC, more than double the average of the previous three years.
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