Trade between Ghana and India to reach $1b by 2013

Bilateral trade between Ghana and India is expected to reach $1 billion by the year 2013, Ghana’s High Commissioner to India has been cited by Indian media to have said.

Two-way trade between the countries in 2011 was $818 million, he said.

“We expect bilateral trade between India and Ghana to reach one billion dollars by 2013. The bilateral trade in 2010-2011 was at 818 million dollars. Though this is projected growth, we are very hopeful about it,” he was quoted as saying.

Meanwhile, Food and Agriculture Minister, Kwesi Ahwoi has said the Ghana government was negotiating with India on financing the construction of a fish processing plant in Elmina, in the central region.

The Confederation of Indian Industries will hold a three-day “India Show” in Accra. The trade show would provide a platform for Indian firms and their Ghanaian counterparts to network with the key stakeholders like policymakers, captains of industry, financial institutions and business solutions providers.

The show is an initiative that promotes “Brand India” and Indian industry overseas, especially in developing and developed countries with Indian population and demand for Indian products and technologies, the reports said.

India’s High Commissioner to Ghana, Rajinder Bhagat, was cited as saying that the show is expected to attract over 100 Indian companies from agriculture, construction, consumer durables, pharmaceuticals and textiles among others. In addition, he said, the show would strengthen corporate ties between West Africa and India.

By Emmanuel K. Dogbevi