India Investments In Ghana Go UP


Indian investments in Ghana have reached $800 million, spanning diverse sectors of the Ghanaian economy, including manufacturing, mining, housing, construction and education.

This follows the up in the volume of bilateral trade between Ghana and India, which for the first time hit $1.2 billion.

The Indian High Commissioner to Ghana, Jeeva Sagar has disclosed this at the 65 th Republic Day of India, held in Accra.

Statistics from the Ghana Investment Promotion Centre (GIPC) indicate that India is the second largest foreign investor-country in Ghana, in terms of number of projects and ranked ninth on the Foreign Direct Investment (FDI) scale.

He was happy to say that ‘hundreds of Ghanaian students and officials are receiving training in India every year. India takes humble pride in being able to make a contribution to the socio-economic development of Ghana through grants and credit lines’.

These statistics are just a part of the larger story of friendship and affection between the two countries. There is a bond that goes deeper, a bond that defines the direction of our relationship at the very inception, Mr. Sagar stated.

The Secretary to the Cabinet, Roger Angsomwine, who represented the government at the event, appealed to the Indian public and private health institutions to consider partnering with their Ghanaian counterparts within the framework of Public-Private Partnerships to set up renal units across Ghana health institutions to offer affordable treatment to parents in the country.

This, he said, is because Ghana recognizes India’s capability and expertise in that specialise field of medical practice which is becoming a silent killer in Ghana.

Mr. Angsomwine assured the Indian business community that the government would within the context of the ‘Better Ghana Agenda’ continue to provide an enabling environment for foreign businesses to operate in the country for mutual benefit.

The support of the Indian government towards the re-construction of the Flagstaff House into a modern presidential edifice for the conduct of government business, the construction of the Ghana-India Kofi Annan ICT Centre, which serves as a centre of Excellence in ICT training for Ghanaian youth and academics; and the provision of agric equipment to Ghana’s agric sector, he mentioned.

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