Senior Vice President and Chairman of Groupe Renault in charge of Africa, Middle-East and India (AMI), Fabrice Cambolive, says the global automobile giant is looking forward to establishing a long term project in Ghana that would see the international car maker developing their products in Ghana to meet the needs of their customers in Ghana and Sub Saharan Africa.
The top executive of Groupe Renault made the disclosure when he paid a courtesy call on President Akufo Addo on the 28th of January, 2019, at the Jubilee House to notify him of the intentions of Groupe Renault and the steps taken so far towards the realization of the goal.
“For us, we are now to see if our capacity to bring our products to this country are marching with your policy and if it is ok, we will be delighted to do that. Thanks a lot for the level of information we are getting. In my short stay, I have noticed a lot of values in the country and they are very important to us. I hope that we will be able to concretize it in a really hard project but not a short term project but a long term project and if everything is marching, we will come back to you as soon as possible,” Fabrice Cambolive, said as he addressed President Akufo Addo.
In his response to the submissions of the Groupe Renault Chairman, President Akufo Addo described the announcement as good news to Ghana.
President Akufo Addo reiterated the friendly economic conditions that his administration has put in place for the private sector to blossom in Ghana.
He emphasized that Ghana has a long standing relationship with France which is the home country of Groupe Renault. To that end, he said he is excited that Renault has decided to choose Ghana for a long term project.
“We are the second largest economy in West Africa so there are lots and lots of reasons why Ghana is a well positioned place for you. We are looking upon ourselves as the gateway to West Africa, to a market of some 350 million people which is scheduled to go up to 500 million people by the year 2030, so we think that it will be a good place for you to make it,” President Akufo Addo said.
Groupe Renault is a French multinational automobile manufacturer established in 1899. The company produces a range of cars and vans, and in the past has manufactured trucks, tractors, tanks, buses/coaches and autorail vehicles.
According to the Organisation Internationale des Constructeurs d’Automobiles, in 2016, Renault was the ninth biggest automaker in the world by production volume.
By 2017, the Renault – Nissan – Mitsubishi Alliance had become the world’s biggest seller of light vehicles, bumping Volkswagen AG off the top spot.
Headquartered in Boulogne – Billancourt, near Paris, the Renault group is made up of the namesake Renault marque and subsidiaries, Alpine, Automobile Dacia from Romania, Renault Samsung Motors from South Korea, and AvtoVAZ from Russia.
The French government owns a 15% share of Renault.