4th Session of India-Ghana Joint Trade Committee held in Accra

May 6, 2024

A seven-member delegation from India held a Joint Trade Committee (JTC) meeting with their Ghanaian counterparts in Accra from 2nd to 3rd May, 2024.
The both sides undertook a detailed review of recent developments in bilateral trade and investment ties and acknowledged the vast untapped potential for further expansion.
The Both sides agreed to work expeditiously towards the operationalization of Unified Payment Interface (UPI) of National Payments Corporation of (NPCI) on Ghana’s Ghana Interbank Payment and Settlement Systems (GHIPSS) within a period of 6 months.
The Both sides identified several areas of focus for enhancing both bilateral trade as well as mutually beneficial investments. These include cooperation in pharmaceuticals, healthcare, information and communication technology, agriculture and food processing, renewable energy, power sector, digital economy and digital infrastructure, critical minerals, textiles and garments, etc.
Ghana is an important trading partner of India in Africa region. Bilateral trade between India and Ghana stood at USD 87 billion in 2022-23.
India stands as a leading investor in Ghana and emerged as the third-largest investor.
These investments traverse diverse sectors, encompassing pharmaceuticals, construction, manufacturing, trade services, agriculture, tourism, and more.