India–Ghana Business Conclave Seeks to Strengthen Trade and Investment Ties
By Praisebell Rosemond Larbi
Ghana and India are taking renewed steps to deepen economic cooperation as both countries prepare for the 2025 India–Ghana Business Conclave, scheduled for today, Thursday, December 11, in Accra. The High Commission of India and the Ghana National Chamber of Commerce & Industry (GNCCI) are jointly organising the event, which is expected to bring together business leaders, investors, government officials and development partners from both nations.
The Conclave, held under the theme “Expanding India–Ghana Business Synergies for Inclusive Growth,” aims to translate the longstanding diplomatic goodwill between the two countries into tangible business partnerships, greater investment flows and enhanced technology-driven economic collaboration. Stakeholders say the meeting comes at a pivotal time, as Ghana seeks stronger export markets, industrial partnerships and financing support, while India continues expanding its economic footprint across the Global South.
India remains one of Ghana’s largest trading partners and a significant destination for Ghanaian exports, particularly gold, cocoa, cashew and timber. Bilateral trade reached over USD 3 billion in the 2024–25 financial year, with Ghana maintaining a favourable balance. India’s exports to Ghana include pharmaceuticals, machinery, transport and electrical equipment, plastics, iron and steel, textiles and a range of industrial raw materials essential to Ghanaian production and consumption.
Trade momentum between the two countries has accelerated further following the July 2025 State Visit of Indian Prime Minister Narendra Modi, during which Ghana and India elevated their ties to a Comprehensive Partnership. The two governments have since committed to doubling bilateral trade within five years, leveraging India’s competitive strengths in agriculture, IT, pharmaceuticals, infrastructure, fintech, SMEs and manufacturing. In the first half of the 2025–26 financial year alone, trade volumes again surpassed USD 3 billion, placing both countries on track for a record-breaking year.
India’s private-sector presence in Ghana continues to expand, with companies such as Tata, Ashok Leyland, Mahindra & Mahindra, NIIT, Shapoorji Pallonji and several pharmaceutical manufacturers operating across ICT, agribusiness, manufacturing, construction and services. Data from the Ghana Investment Promotion Centre (GIPC) indicates that Indian firms have invested in 818 projects worth USD 1.92 billion between 1994 and September 2024. A growing Indian diaspora in Ghana also plays a role in deepening business-to-business exchanges.
For Ghanaian businesses, especially those struggling with high production costs, limited capital and increasing regional competition, the Conclave offers a critical platform to explore opportunities in joint ventures, technology transfer, new market access and investment partnerships. Organisers say discussions will focus on expanding supply-chain linkages, promoting SME cooperation, enhancing agribusiness competitiveness and driving export-led growth.
Insights from the Conclave will also shape deliberations at the upcoming India–Ghana Joint Trade Committee (JTC) meeting, the official policy mechanism guiding bilateral economic collaboration. This gives Ghanaian businesses a chance to influence policy reforms, address bottlenecks and advocate for greater access to Indian financing and markets.
The event will feature keynote addresses, panel discussions, sector presentations, and a networking session to facilitate direct engagements between Ghanaian and Indian companies. Ghana’s Minister of Trade, Agribusiness and Industry is expected to serve as the Chief Guest.
Organisers are confident that the Conclave will generate new business deals, strengthen commercial ties and reinforce the economic bridge between Accra and New Delhi. As Ghana pushes for industrialisation and increased export competitiveness, the India–Ghana Business Conclave is seen as a timely platform to secure the partnerships, technology and investment needed to accelerate national growth.
