Accra, Oct. 5, 2026 – Ghana’s trade with India increased by 170 per cent to approximately $6.5 billion in 2025, strengthening prospects for deeper investment and commercial partnerships between the two countries.
The significant growth in bilateral trade was disclosed by the Chief Executive Officer of the Ghana Investment Promotion Authority (GIPC), Mr. Simon Madjie, at a business-to-business (B2B) engagement between Ghanaian businesses and a 15-member Indian business delegation in Accra.
The delegation, which arrived in Ghana on October 5, 2026, is participating in a two-day engagement aimed at identifying investment opportunities, developing commercial partnerships, and promoting trade between businesses from both countries.
The event, held at the Royale Fiesta Hotel, was organised with the support of the Ghana-India Chamber of Commerce (GICC) and other partners.
Mr. Madjie said Ghana’s exports to India rose from approximately $1.7 billion in 2024 to $5.2 billion in 2025, while India’s exports to Ghana stood at about $1.3 billion.
He said gold accounted for approximately 85 percent of Ghana’s exports to India, with petroleum oils, cashew nuts, oil seeds, and wood products constituting some of the other major exports.
India’s exports to Ghana, he noted, included machinery and mechanical appliances, vehicles, pharmaceutical products, plastics, iron and steel products, and chemicals.
$12.07bn Indian investment footprint
Mr. Madjie further disclosed that GIPC records showed more than 1,000 registered Indian investment projects in Ghana between 1994 and 2026, representing an estimated foreign investment value of approximately $12.07 billion.
The investments, he said, covered manufacturing, agriculture, services, construction, general trading, and export trading.
He, however, said the figures also pointed to significant untapped opportunities that could be harnessed through increased investment in productive capacity, value addition, exports, and technology transfer.
“The next phase of our relations should therefore focus on greater investment in productive capacity, increased value-added production and exports, and deeper technology transfer to build businesses and create value in our countries,” he said.
Indian firms urged to explore Ghana opportunities
Mr. Madjie said Ghana offered considerable opportunities for Indian businesses in agriculture, agro-processing, healthcare, manufacturing, pharmaceuticals, textiles, logistics, digital technology, and financial services.
He identified commercial farming, irrigation, agricultural mechanisation, agricultural inputs, greenhouse production, warehousing, cold-chain infrastructure, and logistics among the opportunities in the agricultural sector.
In healthcare, he said Indian businesses could explore pharmaceutical and medical product manufacturing, research and development, hospitals, and specialised healthcare facilities.
He also identified opportunities in packaging, textiles, garments, automotive components, electric vehicles, mining and critical minerals, and oil and gas.
Ghana’s growing digital economy, he said, was creating opportunities in artificial intelligence, data centres, cloud infrastructure, and business services, while the financial sector offered prospects in digital payments, trade finance, insurance, and investment platforms.
Ghana as gateway to African market
Mr. Madjie said Ghana’s position as host of the African Continental Free Trade Area (AfCFTA) Secretariat offered Indian investors a strategic platform from which to access the wider African market.
He said businesses establishing production facilities in Ghana could use the country as a base to serve markets across Africa and export to other parts of the world.
He also highlighted Ghana’s political stability, constitutional democracy, rule of law, and investment reforms as factors capable of strengthening investor confidence.
According to him, recent reforms under Ghana’s investment promotion framework were designed to make it easier for foreign businesses to establish, operate, and expand in the country.
He assured the Indian delegation that GIPC was ready to support investors at every stage, including identifying investment opportunities, business matchmaking, regulatory processes, and post-investment support.
High Commissioner highlights strong bilateral relations
India’s High Commissioner to Ghana, H.E. Surinder Bhagat, said the growing interest of Indian businesses in Ghana reflected the longstanding and cordial relations between the two countries.
He said Ghana and India had developed strong cooperation in education, healthcare, capacity building, development partnerships, and trade over the decades.
According to him, more than 1,000 Indian companies were currently present in Ghana, making India one of Ghana’s important and trusted trading partners.
He said Ghana’s political stability, favourable business environment, strategic access to regional markets, and dynamic private sector complemented India’s strengths in technology, manufacturing, healthcare, and agricultural innovation.
The High Commissioner said the two-day engagement, held under the theme “Restore, Connect, Grow,” was expected to facilitate meaningful partnerships between Indian companies and Ghanaian buyers, distributors, manufacturers, and investors.
He identified healthcare and pharmaceuticals, medical devices, hospital supplies, agribusiness, agro-processing, textiles and fashion, engineering and hardware, paper and packaging, chemicals, plastics, fishing products, and general trade as sectors offering significant opportunities.
He said the engagements should go beyond networking to create supply chains, facilitate technology transfer, and establish joint ventures capable of generating value for both countries.
GICC urges Ghanaian businesses to think bigger
The President of the Ghana-India Chamber of Commerce, Dr. Kwabena Ekremet, urged Ghanaian businesses to take full advantage of the presence of the Indian delegation.
He encouraged participants to negotiate confidently and seek partnerships that could significantly expand their businesses.
“If you came here to order one container of goods, make it ten containers,” he told participants, emphasising the willingness of Indian businesses to support the expansion of Ghanaian enterprises.
He also encouraged businesses that were not yet members of the Ghana-India Chamber of Commerce to consider joining to benefit from future opportunities.
From trade to investment
The B2B engagement is expected to provide a platform for Ghanaian and Indian businesses to identify areas of mutual interest and develop partnerships that could translate into increased trade, investment, technology transfer, and industrial development.
Mr. Madjie urged the Indian delegation to use the engagement to move from discussions to concrete commercial ventures.
“I urge the Indian delegation to make the most of today’s engagement. Engage with the businesses that you see here, explore the opportunities available, and pursue partnerships that can move beyond discussions to concrete investments and commercial ventures,” he said.
He expressed optimism that the engagements would culminate in successful enterprises and enduring business partnerships between Ghana and India.
Source: Joseph Kobla Wemakor
