Ghana-India trade investment to reach $5bn by 2020

• Posted on June 14, 2016
• by Nana Kwesi Coomson
• Comment

Bilateral trade investment between Ghana and India is targeted to increase to five billion US dollars by 2020, President of India has disclosed.

Pranab Mukherjee said the increase in trade investment in Ghana is an expression of his country’s confidence in its relations with the West African country.

Currently, the bilateral trade between the two nations is at the level of three billion US dollars, but the President of the South Asian country says “there is full potentiality to make it much more.”

Speaking at a meeting held at the Flagstaff House in Accra to discuss how to enhance economic trade between the two countries, Mukherjee said: “I am happy that our [India, Ghana] economic cooperation is going well.”

“Therefore, I am proposing that let us fix the target of $5billion bilateral trade between India and Ghana by 2020,” he said enthusiastically.

President John Dramani Mahama lauded the proposal of the India President saying the increase in bilateral trade will benefit the two nations.

“I believe the first visit by sitting India President to Ghana will not only deepen the friendly relations between our two countries but will also deepen our economic cooperation and collaboration,” he said.

He expressed confidence in what he described as the “strong beneficial ties” that exist between the two countries adding “I hope that this visit and discussions and the agreements that we will sign will strengthen the relations even further.”

President Mahama assured his Indian counterpart that “Ghana will continue to work with India to overcome the global challenges that confront our two nations and the rest of the world.”

He thanked the India community in the country for its enormous investments in Ghana’s economy.

According to him, such trade investments have over the years provided jobs for many Ghanaians.

-Myjoyonline