Trade volumes between Ghana and India reached roughly 3 billion greenbacks in 2024, with the determine anticipated to double within the subsequent 5 years, Mr Shiri Manish Gupta, High Commissioner of India, mentioned on Thursday.

Speaking on the India-Ghana Business Conclave in Accra, he mentioned the objective might be reached early, because the determine had already exceeded $3 billion via the primary part of 2025.

Highlighting different spaces of long run collaboration, Mr Gupta reiterated the Indian executive’s dedication to supporting Ghana and different African international locations to leverage the African Continental Free Trade Area (AfCFTA) via projects in renewable power, inexperienced industrialisation, agriculture, and meals safety.

“India stands ready to work together with the Government of Ghana in advancing the ‘Reset Ghana’ agenda, which emphasises macroeconomic stability, job creation through a 24-hour economy, and strategic infrastructure development under the ‘Big Push’ initiative,” he mentioned.

“India’s development cooperation is demand-driven and focuses on building local capacity and creating opportunities within Ghana. Our approach is not just to invest but to empower. Together, we progress in an environment of trust and collaboration.”

Mr Gupta cited the lately inaugurated Tema-Mpakadan Railway line as the most important Indian approach cooperation challenge in Ghana, stressing that there have been prospects for extra approach as each international locations persevered to deepen financial partnership.

“Nearly $2 billion in Foreign Direct Investment (FDI) in over 900 projects and another US$1 billion through concessional LOCs/Buyers Credit at the intergovernmental level have been Indian investments in Ghana during the last two decades, making it a prime economic partner,” he famous.

The High Commissioner inspired Indian and Ghanaian companies to discover cutting edge avenues for development and venture building in spaces akin to agriculture, meals processing, ability approach, mining and infrastructure.

Highlighting some venture demanding situations, he referred to as for the approach of cost-effective logistics chains and a discount in the fee related to banking and monetary transfers.

“It is similarly vital to derisk investments, supply fine hand-holding and cut back access boundaries for doable buyers.

“Expanding banking channels and improving access to finance are crucial, especially to harness the potential of young demographics in India and Africa to promote digital and green markets,” he mentioned.

Mr Gupta proposed that India’s Digital Public Infrastructure might be replicated in Ghana and around the sub-region to toughen governance, transparency, and inclusion.

“Ghana is at the cusp of an opportunity in the services sector. It has the wherewithal not only to cater to its domestic market but also to emerge as a powerhouse for the subregion,” he mentioned.

“India stands ready to assist by sharing skills, technology, and knowledge transfer in this endeavour,” he added, and recommended Indian venture for making vital contributions to Ghana’s financial environment.”

The venture conclave supplied a platform for open dialogue, exploring new spaces of collaboration, strengthening venture and IT linkages, and highlighting the demanding situations confronted via companies.

Mr Augustus Goosie Tannoh, the Presidential Advisor for the 24-Hour Economy and Accelerated Export Development, hailed Ghanaian and Indian companies for supporting native production, task introduction, and the venture building of the carrier gain.

He mentioned the 24-Hour Economy programme had secured land, fundamental infrastructure, and challenge designs for investor parks around the nation.

Mr Tannoh cited the Volta Economic Corridor as probably the most executive’s primary logistics and commercial approach plans. He inspired Indian corporations to discover prospects in manufacturing amenities, contract production, and logistics initiatives.

Mr Stephane Miezan, the President of the Ghana National Chamber of Commerce and Industry (GNCCI), reiterated the affiliation’s give a boost to for native and multinational companies.

The discussion board introduced in combination representatives from main Indian firms with panellists proposing concepts for development and adorning the approach.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made via Readers and Contributors in this platform don’t essentially constitute the perspectives or coverage of Multimedia Group Limited.