Challenges confronting manufacturing sector being addressed, says Akufo-Addo
President Akufo-Addo says steps his government has taken to restore economic stability and growth will profit the manufacturing sector
President Akufo-Addo has declared that his government is not oblivious to the challenges confronting the manufacturing sector of the economy and that his administration is doing everything possible to address these challenges in order to create an enabling environment for the sector to flourish.
Speaking today (Tuesday 17 October 2023) at the grand opening of Zonda Tec Ghana Ltd’s Sinotruk Assembly Plant phase two and the sod-cutting ceremony for phase three of the project, President Akufo-Addo said that steps his government has taken to restore economic stability and growth will profit Ghana’s manufacturing sector.
“My government is not oblivious to the challenges confronting manufacturing. I am convinced that the progress we are making in restoring macro-economic stability and our determination to return our nation to the path of sustained growth will inure to the benefit of the private sector, especially, those in manufacturing and commerce, with a positive impact on the reduction in the cost of doing business,” President Akufo-Addo said.
Gratifying success
President Akufo-Addo commended Zonda Tec Ghana Ltd for completing phase two of its project in Ghana and for starting construction of its third phase.
He said that the success story of the Sinotruk Assembly Plant in Ghana is testament to the strong and growing relations between Ghana and the People’s Republic of China.
“I have been told that this new assembly plant increases the current annual production capacity from 850 trucks to some 3,000 heavy-duty and light-duty trucks, including tipper trucks, wheel loaders, back holds, trailers, semi-trailers and oil tankers, as well as a variety of light-duty vehicles assembled from semi-lockdown kits here to international standards of quality and safety,” President Akufo-Addo announced.
“It is gratifying to note that this assembly plant will double employment in the company from 356 to 700 and will also create some 1,000 indirect employment opportunities.
“A unique feature of Zonda Sinotruk operations is the state-of-the-art training centre, established on these premises to train artisans in the application of appropriate technology and skills to build their capacity in the processes of assembly, repair, and maintenance,” President Akufo-Addo further said.
Industrialisation efforts on course
The Minister of Trade and Industry, Kobina Tahiru (K T) Hammond, said the expansion of the Sinotruk facility is a clear indication that Ghana is on the path to becoming the vehicle and spare parts manufacturing hub in West Africa.
He added that the number of One District, One Factory (1D1F) companies currently in operation in Ghana has increased from 126 companies in the year 2020 to 169 as of today, 17 October 2023.
Zonda Tec Ghana
Zonda Tec Ghana Ltd launched operations in Ghana in the year 2010.
Zonda Tec Ghana is an ISO9001 certified automobile company which specialises in the sale and distribution of heavy- and light-duty vehicles.
It has three branches (Tema, Agona Nkwanta and Nsawam) and three shops (Madina, Kasoa and Amasaman) across the key business regions of Ghana.
The company is managed by Yang Yang, a Chinese citizen (the managing director), and Guo Anjie as chairman.
The company is thriving on growing demand for heavy-duty trucks and other, lightweight vehicles, arising from expansion of the transport sector, construction, mining and many other areas of the economy.
Zonda Tec Ghana offers several auto brands and products, ranging from tipper trucks, trailer heads, cargo trucks, semi-trailers, oil tankers of various capacities, water tankers, LPG tanks, flatbeds, low beds, special trucks, concrete mixer trucks and appropriate spare parts.
Zonda Tec Ghana also specialises in the Howo A7 series, Hoka series, and Golden Prince series.
The firm’s partner companies and brands include Sinotruk, Wulin Van, Zonda Tricycle and CIMC Trailers.
Reporting by Wilberforce Asare in Accra
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