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Ghana, India Set Sights on $6bn Trade Target, Deepen Partnership in Agriculture, ICT and Pharmaceuticals

 Ghana, India

Ghana and India are seeking to significantly expand their economic partnership, with both countries setting an ambitious target of increasing bilateral trade to $6 billion over the medium term through enhanced collaboration in key sectors of the economy.

Minister for Foreign Affairs Samuel Okudzeto Ablakwa announced the target while receiving the letters of credence of India's new High Commissioner to Ghana, His Excellency Surinder Bhagat, emphasizing that the two nations are committed to strengthening trade and investment ties.

Ablakwa identified agriculture, information and communication technology (ICT), and pharmaceutical manufacturing as priority areas for deeper cooperation, noting that expanded collaboration would create employment opportunities for Ghana's growing youth population while supporting the country's industrialization agenda.

He said Ghana intends to leverage India's expertise in agricultural technology and mechanization to advance the government's Feed Ghana Initiative, championed by President John Dramani Mahama.

India's experience in ICT and pharmaceutical production, he added, also presents significant opportunities for technology transfer, skills development, and investment that could accelerate Ghana's economic transformation.

We have an ambitious target; we want to double our trade volumes. In the medium term, we are looking at $6 billion, which is doable. We also want to work closely in the area of agriculture; you have a comparative advantage there, you have machinery. And President John Dramani Mahama wants us to collaborate to support the Feed Ghana initiative. Another area is the IT space," Ablakwa said.

The renewed commitment reflects the longstanding diplomatic and economic relationship between Ghana and India, with both countries seeking to unlock new investment opportunities and strengthen cooperation in sectors critical to sustainable growth, industrial development, and job creation.

 

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