Omanghana
Ghana and India have announced plans to double the value of their bilateral trade to $6 billion over the medium term as the two countries seek deeper economic cooperation in agriculture, pharmaceutical manufacturing and technology.
Minister for Foreign Affairs Samuel Okudzeto Ablakwa disclosed the target during a diplomatic engagement with the newly appointed Indian High Commissioner to Ghana, Surinder Bhagat, at the Ministry of Foreign Affairs in Accra.
The meeting included the presentation of copies of the High Commissioner’s Letters of Credence, formally beginning the process leading to his diplomatic duties in Ghana.
Trade expected to rise from $3 billion
Trade between Ghana and India is currently valued at approximately $3 billion. Mr Ablakwa said the target of increasing that figure to $6 billion was achievable through stronger government coordination and increased private-sector investment.
Both countries intend to translate their existing agreements into commercial projects capable of creating jobs, expanding local production and improving access to international markets.
The renewed partnership will concentrate on three strategic areas: agriculture, pharmaceuticals and information and communication technology.
Agricultural cooperation to support Feed Ghana
In agriculture, Ghana hopes to benefit from India’s expertise in farm machinery, food processing, irrigation and agricultural training.
The collaboration is expected to support President John Dramani Mahama’s Feed Ghana initiative, which seeks to increase domestic food production, strengthen food security and reduce the country’s dependence on imports.
Indian companies could also provide equipment and technical assistance to help improve productivity, storage, processing and agricultural value chains in Ghana.
Focus on local pharmaceutical production
The two countries are also seeking to expand cooperation in pharmaceutical manufacturing.
Rather than relying mainly on imported medicines and medical products, Ghana wants to attract Indian investment into domestic production, research and technology transfer.
The initiative aligns with Ghana’s ambition to become a pharmaceutical and vaccine-manufacturing center for West Africa. It could also create opportunities for local scientists, healthcare professionals and manufacturing companies while improving access to essential medicines.
India has an established global pharmaceutical industry and is regarded as a major producer of generic medicines and vaccines.
Partnership expands into AI and robotics
Technology cooperation will extend beyond traditional ICT infrastructure to include artificial intelligence, robotics, digital financial systems and advanced skills development.
The two governments intend to promote knowledge exchange, professional training and partnerships between Ghanaian and Indian technology companies and educational institutions.
The focus will be on developing practical digital solutions, supporting innovation and equipping young people with skills needed in emerging industries.
New High Commissioner pledges cooperation
High Commissioner Bhagat expressed appreciation for the reception and pledged to work closely with the Ghanaian government throughout his tenure.
He said his mission would focus on transforming the countries’ diplomatic priorities into practical investments and commercial opportunities.
The renewed economic push builds on longstanding relations between Ghana and India, including agreements reached during previous high-level visits. India remains an important development and investment partner for Ghana, particularly in health, agriculture, energy, education and digital technology.
Source: Omanghana
