President John Dramani Mahama has welcomed Indian Prime Minister Narendra Modi to Ghana for a two-day official visit, marking the first such visit in 30 years. The visit aims to strengthen bilateral ties and explore new areas of cooperation between the two countries.
Ghana and India have a growing trade relationship, with India being one of Ghana’s major trading partners. Bilateral trade between the two countries has fluctuated over the years, reaching $4.5 billion in 2018-19 before dipping to $2.2 billion in 2020-21 due to COVID-19. By 2023, trade had recovered to around $3.3 billion, making India Ghana’s third-largest export and import partner.
Indian companies have made significant investments in Ghana, with over 700 projects and more than $2 billion in foreign direct investment by 2021. Notable Indian companies operating in Ghana include B5 Plus, an iron and steel manufacturer, and Melcom, Ghana’s largest supermarket chain. The visit is expected to further strengthen economic and defense ties between the two nations.
Ruth Abla ADJORLOLO
