GITAC Hails Prime Minister Modi’s Historic Visit as Catalyst for Ghana-India Economic Expansion

The Ghana-India Trade Advisory Chamber (GITAC) has lauded the arrival of Indian Prime Minister Narendra Modi to Ghana, describing the visit, the first by an Indian premier in over 30 years as a “historic and catalytic moment” for bilateral economic relations.

In a statement issued on the sidelines of the high-profile visit, President of GITAC, Dr. Dominic Oduro Antwi, described the Prime Minister’s presence as “a pivotal step toward strengthening bilateral cooperation in trade, entrepreneurship, education, and healthcare.”

According to Dr. Antwi, Modi’s visit is more than a ceremonial gesture it is a strong signal of commitment to expanding trade and investment partnerships across key sectors.

“The presence of Prime Minister Modi in Ghana is not only historic but also timely. It is a powerful endorsement of the work GITAC has been doing for years in bridging the gap between our two nations.”  he emphasized.

Boosting Trade, Investment and Innovation

Founded to promote economic cooperation between Ghana and India, GITAC has long served as a bridge for private sector engagement and cross-border enterprise. Over the years, the Chamber has facilitated major trade missions, forged strategic partnerships, and opened doors for joint ventures in key sectors such as pharmaceuticals, agribusiness, infrastructure, and ICT.

Dr. Antwi emphasized that Prime Minister Modi’s visit could “catalyse more investments, encourage deeper economic cooperation, and open new avenues for trade, technology, and cultural exchange.”

He said the Chamber is especially optimistic about opportunities for Ghanaian startups, SMEs, and local industries to tap into India’s vast manufacturing ecosystem and technical expertise.

A History of Quiet Momentum, Now Energized

India remains one of Ghana’s top ten trading partners, with annual bilateral trade exceeding $2 billion in recent years. Yet much of this relationship has operated under the radar, driven by quiet but impactful business alliances, diaspora investment, and mutual policy alignment in South-South cooperation.

With Modi’s high-profile visit punctuated by expected agreements and joint announcements the relationship is poised for greater visibility, structure, and strategic scale.

India’s Footprint in Ghana: From Commerce to Culture

Indian-owned multinationals and SMEs have maintained a strong and growing footprint in Ghana, particularly in pharmaceuticals, construction, renewable energy, and education. GITAC has worked closely with these entities to improve investor confidence, support regulatory navigation, and foster inclusive growth.

“The presence of Prime Minister Modi in Ghana is not only historic but also timely. It comes at a moment when the global economy is looking toward diversified partnerships. India and Ghana have a shared vision of progress, innovation, and people-centered development.”  Dr. Antwi noted.

Outlook: More Than Symbolism, A Strategic Turning Point

As both governments move to sign new agreements during Modi’s visit, GITAC believes the groundwork has already been laid for a new phase of economic diplomacy one focused on technology transfer, youth entrepreneurship, fintech collaboration, and green industrialization.

“We call on stakeholders across the public and private sectors to seize this opportunity. It’s time to scale up our ambition and turn this historic visit into long-term prosperity for both nations.” Dr. Antwi said.

GITAC reaffirmed its commitment to supporting ongoing initiatives and playing a leading role in shaping the next chapter of Ghana-India economic relations one rooted in trust, innovation, and shared prosperity.

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