Accra, Ghana – Ghana has reaffirmed its robust commitment to securing foreign investment, assuring an Indian-led delegation that all legitimate business ventures are fully protected under the country’s laws. The assurance was delivered by the Deputy Minister for Trade, Agribusiness and Industry, Sampson Ahi, during a courtesy call from EKA Mobility, an Indian electric vehicle (EV) manufacturing company, and its partners from Mitsui Corporation and Rana Motors. The meeting focused on finalizing plans for establishing a major electric vehicle assembly and manufacturing plant in Ghana.
Protected and Stable Investment Hub
Mr. Ahi emphasized that Ghana’s established democratic credentials, adherence to the rule of law, and investor-friendly policies continue to make it a preferred destination over competitors. “Whatever investment you make in Ghana is protected. No individual can arbitrarily interfere with your business. We believe in the rule of law, and our courts work effectively to ensure fairness,” he stated. This guarantee of stability and security was cited by the investors as the primary reason for choosing Ghana. According to Mr. Kassem S. Odaymat, Chief Operating Officer of Rana Motors, the partners settled on Ghana as the ideal base for their project after evaluating potential locations in Nigeria and Côte d’Ivoire, citing Ghana’s stability, infrastructure, and strategic access to the West African market.
$30 Million EV Plant Aligns with Green Agenda
The Deputy Minister commended the delegation’s decision to establish the EV manufacturing and assembly plant in Ghana, describing the initiative as timely and perfectly aligned with the government’s industrialization and green energy agenda.
The project, which is reportedly valued at $30 million, focuses on the full-scale manufacturing and assembly of electric three-wheelers, buses, and commercial vehicles.
Representatives from EKA Mobility, Mr. Sumeet Jadhav and Mr. Vijay Yeine, expressed strong commitment, affirming, “There is nothing like assurance. We are ready to sign even today.” The Deputy Minister further revealed that Ghana’s existing Automotive Development Policy is currently under review to fully incorporate electric vehicles, reflecting the country’s readiness to embrace sustainable mobility solutions.
Technology Transfer and Regional Ambitions
The Indian partners committed not just to assembly but to transferring technology and skills to Ghanaians, creating local employment, and promoting the localization of component production. “We are not here just to sell vehicles; we want to manufacture in Ghana, train people, and serve other West African countries from here,” the EKA team stated.
The Ministry assured the delegation of full support in facilitating necessary engagements with relevant agencies, including the Ghana Investment Promotion Centre (GIPC), the Ministry of Energy, and the Ministry of Transport, to ensure the smooth and rapid implementation of their project.
This meeting forms a crucial part of Ghana’s broader efforts to attract sustainable investments, positioning the country as a key player in Africa’s electric mobility transition and a manufacturing hub for the West African market.
Ruth Abla ADJORLOLO
