Ghana Seeks Expanded Indian Investment for Economic Growth

Ghana's Deputy Minister for Trade and Industry, Michael Okyere Baafi, urged India to invest in Ghana, highlighting opportunities in agriculture, manufacturing, technology, and infrastructure. The request was made during the ASSOCHAM Commonwealth Champions Conference in New Delhi. Ghana looks to strengthen trade ties and reduce barriers within the Commonwealth.

Ghana's Deputy Minister for Trade and Industry, Michael Okyere Baafi, on Friday called upon India to invest in his country, emphasizing India's pivotal role in Ghana's economic development. Speaking at the ASSOCHAM Commonwealth Champions Conference in New Delhi, Baafi highlighted potential collaborations in agriculture, manufacturing, technology, and infrastructure development.

Baafi stressed Ghana's commitment to bolstering trade relations within the Commonwealth, urging investors to explore the numerous opportunities available. He pointed out that reducing trade barriers would facilitate the free flow of goods and services, enhancing market access for Ghana.

The Minister also acknowledged the significance of capacity building and technology transfer in boosting the competitiveness of Ghanaian industries. He sought increased collaborations in key sectors and urged trade partners to support Africa in developing transport, energy, and digital infrastructure.

Furthermore, Baafi expressed the need for partnerships in education and skills development, aiming to expand scholarships and vocational training initiatives for Ghanaian youth.

India is a crucial trading partner for Ghana, with bilateral trade reaching USD 2.87 billion in 2022-23. India has also become the third-largest investor in Ghana, with investments spanning pharmaceuticals, construction, manufacturing, and more.

(With inputs from agencies.)