Ghana Invites Indian Investments in Agriculture, Manufacturing, Technology, and Infrastructure

By siliconindia  |  Friday, 23 August 2024, 03:02:22 PM IST

Ghana Invites Indian Investments in Agriculture, Manufacturing, Technology, and Infrastructure
Ghana's Deputy Minister for Trade and Industry, Michael Okyere Baafi, has called upon Indian businesses to invest in key sectors such as agriculture, manufacturing, technology, and infrastructure in Ghana. Speaking at the ASSOCHAM Commonwealth Champions Conference in New Delhi, Baafi highlighted India’s significant role in Ghana’s development and the broader Commonwealth community, which represents nearly a third of the global population.
Baafi emphasized Ghana’s readiness to partner with Indian investors, particularly in sectors critical for economic growth. He pointed out that reducing trade barriers within the Commonwealth is essential to facilitating smoother market access and the flow of tools and services. The Minister also underscored the importance of capacity building and technology transfer to boost the competitiveness of Ghanaian industries.
“We seek greater collaborations in agriculture, manufacturing, and information technology to strengthen our industrial base”, Baafi said, encouraging deeper ties between India and Ghana. He also urged trade partners to support Africa in developing transport, energy, and digital infrastructure, which he identified as crucial to realizing the Commonwealth’s full potential.
Education and skills development are also priorities for Ghana. The Minister expressed interest in expanded partnerships in education through scholarships, vocational training, and programs that empower Ghanaian youth with relevant skills. He noted that such collaborations could play a pivotal role in the nation’s socio-economic progress.
Ghana remains a vital trading partner for India in Africa, with bilateral trade reaching USD 2.87 billion in 2022-23. India is a leading investor in Ghana, ranking as the third-largest, with investments across sectors including pharmaceuticals, construction, manufacturing, agriculture, and tourism.
Baafi’s invitation and the ongoing partnership between India and Ghana reflect the strong bilateral relationship and the potential for future growth in trade and development.

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