Ghana–India Trade Soars to $6.5 Billion

The Chief Executive Officer of the Ghana Investment Promotion Authority (GIPA), Mr. Simon Madjie, has revealed that trade between Ghana and India surged from approximately US$3 billion in 2024 to about US$6.5 billion in 2025, marking a 170 percent growth. He said the sharp rise in bilateral trade reflects the strength of economic relations between the two countries and highlights vast potential for further expansion, diversification, and investment.

Mr. Madjie made the disclosure at a two-day Ghana–India Business-to-Business (B2B) Meet in Accra, organised by the Ghana–India Chamber of Commerce (GICC) in collaboration with the Federation of Indian Export Organisations (FIEO), with support from the High Commission of India in Ghana.

The conference brought together more than 200 Ghanaian entrepreneurs from Accra, Takoradi, Koforidua, and other regions to explore trade and investment opportunities. A 20-member Indian multi-product delegation engaged Ghanaian buyers and importers, representing over 15 sectors including pharmaceuticals, healthcare, engineering, machinery, electronics, chemicals, automobiles, textiles, agriculture, construction materials, and digital solutions.

Mr. Madjie noted that Ghana’s exports to India rose from US$1.7 billion in 2024 to US$5.2 billion in 2025, with gold accounting for about 85 percent. Other exports included petroleum oils, cashew nuts, oil seeds, and wood. India’s exports to Ghana comprised machinery, vehicles, pharmaceuticals, plastics, iron and steel, and chemicals.

He added that GIPA had recorded more than 1,000 Indian-related investment projects between 1994 and 2026, valued at approximately US$12.07 billion, spanning manufacturing, agriculture, services, construction, and trading. He stressed that the next phase of Ghana–India relations should focus on productive capacity, value-added exports, and technology transfer.

The Indian High Commissioner to Ghana, Mr. Surinder Bhagat, described the B2B meet as a vital platform for businesses to understand each other’s needs and forge partnerships. He highlighted Ghana’s strategic location and hosting of the AfCFTA headquarters as key advantages, making the country an attractive gateway to West Africa.

Mr. Bhagat said India, one of the world’s fastest-growing economies, was eager to expand its footprint in Africa, and expressed hope that the diverse Indian delegation—including healthcare providers, pharmaceutical firms, textile companies, and chemical manufacturers—would establish lasting partnerships. He noted that bilateral trade had already reached close to US$8 billion, underscoring the need to diversify beyond commodities.

Organisers said the Ghana–India B2B Meet is expected to strengthen direct contacts between businesses from both countries and unlock new opportunities for partnerships in high-potential sectors.

Story: Benjamin Makafui Attipoe, Accra