GIPC Urges Chinese Firms to Invest in Ghana’s Electric Vehicle Sector

Simon Madjie, CEO of the Ghana Investment Promotion Centre (GIPC), has called on Chinese companies to collaborate with Ghana in building a robust electric vehicle (EV) industry across West Africa.

Speaking at the Presidential Investment Forum in Beijing, held during President Mahama’s state visit to China, Madjie outlined Ghana’s goal to reach 70% EV adoption by 2045 and install 1,000 charging stations by 2028. Currently, only seven public stations are operational.

The forum, organized with support from Ghana’s trade and foreign affairs ministries, GEPA, GFZA, and the China-Africa Business Council, aimed to deepen economic ties and attract strategic investments in manufacturing, energy, and technology.

Madjie highlighted Ghana’s advantages, including its location as a gateway to West Africa, favorable investment policies, skilled labor, and access to critical minerals for EV production. He also praised China’s zero-tariff policy on Ghanaian exports, which he said could help Chinese manufacturers in Ghana tap into global markets.

He showcased industrial zones like Dawa and Appolonia City as ideal sites for EV assembly and battery production and emphasized Ghana’s progressive automotive policy that encourages local value addition and innovation.

Madjie also noted that Chinese firms such as KEDA and Sunda International have already invested over $2 billion in Ghana, operating across multiple sectors and creating tens of thousands of jobs. The presentation builds on GIPC’s earlier engagements in Japan and Singapore, promoting Ghana’s Reset Agenda and the Volta Economic Corridor under the 24-Hour Economic and Accelerated Development Programme.

Jasmine Adjei
Author: Jasmine Adjei

Development journalist

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