India-Ghana Economic Partnership Enters New Chapter

India’s High Commissioner to Ghana, Mr Manish Gupta has hailed the growing friendship between India and Ghana, describing it as a partnership rooted in history and poised for a dynamic future.

Speaking at the 79th Independence Day celebrations in Accra, Mr. Gupta said this year’s commemoration carried special significance following Prime Minister Narendra Modi’s “historic” recent state visit to Ghana, the first by an Indian Prime Minister in three decades.

Mr Gupta, spotlighted the deepening ties between the two nations following Prime Minister Modi’s groundbreaking visit.

The visit elevated the relationship to a first-ever “Comprehensive Partnership” in West Africa and set the stage for expanded trade, investment, and development cooperation.

Trade on the Rise

Bilateral trade between the two nations now stands at approximately US$3 billion, a significant milestone. The trade balance remains positive for Ghana, largely driven by gold export.

Investment Flows on Growth Trajectory

Indian Foreign Direct Investment in Ghana has crossed the US$2 billion mark across more than 900 projects, spanning manufacturing, agriculture, and infrastructure. This figure includes US$1 billion mobilized through concessional lines of credit and buyer’s credit for key development projects.

Aiming Higher: Targets Ahead
During PM Modi’s visit to Ghana’s Parliament, he acknowledged that bilateral trade had surpassed US$3 billion and pledged to double that within the next five years, signaling ambition and mutual momentum.

Shared Foundations, Shared Future

Gupta praised the Indian-Ghanaian community for standing as the bridge between the two nations, especially given Ghana’s role as India’s gateway into West Africa. He also invoked Ghana’s historical significance, being the first Sub-Saharan nation to achieve independence as a source of shared inspiration in the Global South.

Beyond Numbers: A Vision for the Future

Touching on broader themes, the High Commissioner spoke of Naya Bharat – New India, an India transformed into the world’s fastest-growing major economy and aiming for global leadership by 2047. He also drew parallels with Ghana’s own pioneering independence, reinforcing the shared heritage of freedom and aspiration.

The event opened with a traditional hoisting of the Indian national flag followed by “Jana Gana Mana,” ending with the reading of President Droupadi Murmu’s Independence Day address.

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