India and Ghana Forge US$3 Billion Trade Path with Eye on Doubling

79th Independence Day celebrations in Accra

India’s High Commissioner to Ghana, Manish Gupta, has heralded a new era in bilateral ties, anchored by surging trade and strategic investments following Prime Minister Narendra Modi’s landmark visit—the first by an Indian premier in 30 years.

The trip elevated relations to a “Comprehensive Partnership,” unlocking fresh momentum for economic collaboration across West Africa.

Trade between the nations now hits $3 billion annually, with Ghana enjoying a positive balance fueled by gold exports. Indian foreign direct investment exceeds $2 billion, spanning 900+ projects in manufacturing, agriculture, and infrastructure. This includes $1 billion in concessional credit for development initiatives like port upgrades and renewable energy plants.

During his address at Ghana’s Parliament, Modi pledged to double bilateral trade within five years—a target Gupta called “ambitious yet achievable,” citing growing Indian corporate interest in Ghana’s digital economy and agro-processing sectors.

The High Commissioner highlighted deeper roots beyond commerce: Ghana’s role as India’s gateway to West Africa, and shared histories as pioneers of post-colonial sovereignty. “Ghana’s independence inspired the Global South; today, our partnership pioneers South-South cooperation,” he noted, linking Ghana’s legacy to India’s “New India” vision of becoming a developed economy by 2047.

For Ghanaian businesses, the pact promises expanded access to India’s 1.4 billion–consumer market, while Indian investors gain footholds in regional supply chains. As Accra seeks to diversify beyond commodities, technology transfer and skills development under the partnership could prove pivotal.

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