$3bn Ghana–India Trade Boom Driven by Two Decades of Investment and New Strategic Partnership
Bilateral trade between Ghana and India has surpassed USD 3 billion within the first half of the current Indian financial year, exceeding the full-year performance recorded last year. The development, announced at the India–Ghana Business Conclave in Accra, signals accelerating economic convergence between the two countries, supported by renewed political cooperation and improved investor confidence.
Shri Manish Gupta, India’s High Commissioner to Ghana, described the growth as a reflection of stronger commercial engagements. “Within the first half of the current Indian financial year, our bilateral trade has already surpassed the USD 3 billion mark,” he said. “Our leaders have resolved to double trade in the next five years.”
India Emerges as a Key Economic Partner
India has steadily become one of Ghana’s most influential development and private sector partners. The High Commissioner noted that India’s economic relationship with Ghana is grounded in long-term commitments that align with Ghana’s Reset Ghana Agenda and broader efforts to attract sustainable foreign investment.
The surge in trade underscores Ghana’s position as India’s preferred gateway to the West African market, leveraging political stability, business friendly reforms and a growing industrial base.
Two Decades of Investment Capital
India’s economic footprint in Ghana is anchored by nearly US$2 billion in foreign direct investment injected over the past two decades. More than 900 registered projects spanning manufacturing, ICT, retail, pharmaceuticals, agribusiness and construction have shaped key sectors of Ghana’s economy.
Shri Gupta highlighted the breadth of this investment portfolio, describing it as proof of the durability and depth of the partnership. “Nearly US$2 billion in FDI in over 900 projects demonstrates India’s position as a prime economic partner,” he said.
Flagship Infrastructure Projects Accelerate Cooperation
Beyond trade and private sector investments, India has been instrumental in delivering several landmark development projects for Ghana. The Tema Mpakadan Railway line, the largest Indian funded development project in Ghana, is strengthening transport infrastructure and improving connectivity to inland markets. The Ghana India Kofi Annan Centre of Excellence in ICT continues to boost digital skills and technological capacity.
“These projects stand as symbols of the longstanding and evolving partnership between our two countries,” Shri Gupta emphasized, noting that infrastructure cooperation remains central to future engagements.
Comprehensive Partnership Deepens Political Ties
The latest trade and investment gains follow the historic State Visit by Indian Prime Minister Shri Narendra Modi to Ghana in July 2025. During the visit, both countries elevated their relationship to a Comprehensive Partnership, the first such designation between India and any West African nation.
The framework provides a structured roadmap for cooperation across trade, technology, defence, agriculture and education, offering investors greater predictability and policy continuity.
Opportunities for Business and Market Expansion
The strengthening of Ghana and India ties is creating tangible opportunities for businesses in both countries. Ghanaian and Indian firms are increasingly exploring partnerships in agribusiness, manufacturing, ICT, pharmaceuticals, logistics and infrastructure development.
Improved transport corridors such as the Tema Mpakadan Railway are expected to reduce logistical challenges for exporters, while the growing presence of Indian companies enhances access to technical expertise and financing.
Shri Gupta reaffirmed India’s readiness to scale up economic cooperation. “India stands prepared to deepen trade, investment and technology transfer as Ghana pursues its growth trajectory,” he stated.
