India-Ghana Trade to Reach $1 Billion by 2013

Kolkata: Ghana's envoy to India said the bilateral trade between the two countries would reach $1 billion by 2013. "We expect bilateral trade between India and Ghana to reach 1 billion dollars by 2013. The bilateral trade in 2010-2011 was at 818 million dollars. Though this is projected growth, we are very hopeful about it," Ghanian High Commissioner, Robert Tachie-Menson, said. When asked to name the sectors where there is potential for Indian companies to invest, Tachie-Menson said, "India is everywhere in Ghana (in terms of investment). There is a potential in the agro sector. There is potential in the energy sector too. The current energy capacity is 2,000 MW and this is expected to rise to 5,000 MW in 2015. Therefore the government is looking for investment and partnership to fill the 3,000 MW short fall," said Tachie-Menson while addressing a programme organized by the Merchants Chamber of Commerce & Industry. He mentioned that there were tremendous opportunities for Indian companies and investors in the engineering and electrical sectors, for the manufacture of consumer appliances and for heavy equipment for production, transmission and distribution.