Ghana-India trade passes $1b mark for the first time

Trade between India and Ghana crossed the $1 billion mark for the first time since both countries started trading with each other.

The two-way trade totalled $1.2 billion in 2012, officials say.

According to an updated statistics on the website of the Indian High Commission in Accra, India’s exports to Ghana were $800 million as against  an import figure of $403.67 million in 2012, an increase of 63% over 2011

“This is the first time trade between the two countries has crossed the $1 billion mark,” the High Commission said.

India’s exports to Ghana are mainly pharmaceuticals, telecommunications, agricultural machinery, electrical equipment, plastics, steel and cement.

Ghana’s traditional exports to India are gold, cocoa and timber products.

By Ekow Quandzie