This investment builds on Ghana’s recent success in attracting over £60 million in Foreign Direct Investment (FDI) for its growing automotive industry, which is projected to reach US$11billion by 2028. This offers significant opportunities for industrial growth and job creation.
For instance, the expansion of Cresta Paints – which already employs approximately 140 staff, many young Ghanaians – is expected to create 250 additional jobs in the country, boosting exports and reducing the need for imports in the auto-refinish sector.
The JET programme, supported by the UK’s Development Finance Institution, British International Investment (BII), provided technical assistance for Cresta Paints to facilitate the deal.
This partnership is part of the UK’s broader support for Ghana’s economic transformation, focusing on manufacturing, value addition and sustainable job creation.
A statement announcing the latest development stated: “The JET team partnered with Uhuru to provide technical assistance to Cresta Paints, accelerating Uhuru’s investment in …
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