GATAC calls on government to deepen economic ties with India
Dr. Dominic Oduro Antwi, the president of the Global Trade Advisory Chamber (GATAC), has called on the government to deepen the country’s economic relationship with Indian businesses as one way to boost trade investment in Ghana.
Dr. Antwi, speaking in an interview with the Ghana News Agency (GNA) on boosting investments in Ghana, said Indian businesses operating in the country had achieved tremendous strides in increasing productivity in the private sector to support the growth of the economy.
He said that India was among the top investors in Ghana, noting that its investment in Ghana spread across diverse sectors, including pharmaceuticals, construction, manufacturing, trading, and agro-processing.
According to him, in 2021, India was the second largest investor in Ghana with over 25 projects and had the third highest value of foreign direct investment (FDI), totaling about US$98.84 million; therefore, deepening a good relationship with India was important in strengthening the economy.
He called on Indian companies that wanted to invest in Ghana to explore opportunities in sectors such as electronics, mobile phones, ICT, agro-processing, food processing, mining, and health care.
According to him, they supplied raw materials and impact knowledge to Ghanaian businesses in these sectors, adding that they could also set up value-added plants in Ghana.
Dr. Antwi called on other investors to consider Ghana as a destination, stating that they must capitalise on the opportunity available in the country, as Ghana was a leading destination for FDI in Africa due to her geographical, institutional, and human capital advantages.
Source: GNA