JETRO is one of the organisations, whose leadership President Akufo-Addo engaged with, during his official visit to Japan nearly three years ago.
The Management of Toyota Tsusho, was also engaged by the President, for which reason an assembly plant has been established in Ghana.
With Ghana and Japan having had longstanding bilateral relations since 1957, JETRO has played a significant role in the successful implementation of several of these trade and investments programmes, which have provided support in boosting the productivity and sustainability of many small and medium scale enterprises in Ghana.
This relationship has resulted in co-operation in the fields of agriculture, education, energy, finance, food, governance health, infrastructure, manufacturing, peace and security, Speaking at the event, President Akufo-Addo stated that the establishment of the JETRO Ghana Office, which has been duly staffed and resourced, is an important development towards deepening Ghana’s economic co-operation with Japan.
According to President Akufo-Addo, “it provides a permanent administrative mechanism for strengthening bilateral dialogue and cooperation on trade, investment and private sector development programmes between Japan and Ghana. The JETRO Ghana Office should help facilitate business linkages by directly addressing the language barrier between Ghanaian and Japanese companies.”
President Akufo-Addo was convinced that, working closely with the Ministry of Trade and Industry, JETRO will fully align its development co-operation to assist the Ministry of Trade and Industry to implement Ghana’s comprehensive Industrial Transformation Programme.
“Industrialization is a matter of utmost priority and urgency for this Government, especially in addressing the challenge of job creation for our youthful population, and in exploiting fully, the opportunities available for Made-in-Ghana products in export markets,” he added.
The President told the gathering that Ghana is looking forward to more substantial investments by Japanese companies into her manufacturing sector for Ghana to realize its full potential as a regional manufacturing hub for Africa.
Additionally, Government, working closely with Parliament, is willing and capable of designing the right legislative and regulatory measures necessary to attract catalytic investments into key strategic sectors of the economy.
The Ghana Automotive Manufacturing Policy, for example, is highly regarded by our peers in the auto industry as one of the best in Africa. Progress made by Volkswagen and Toyota Tsusho in setting up new assembly plants here in Ghana, and the imminent plans of Nissan and Suzuki to follow suit early next year, bear ample testimony to my government’s firm determination to industrialize rapidly, the Ghanaian economy to propel growth and address the problem of unemployment amongst our youth,” President Akufo-Addo added.