Ghana, India Deepen Economic Ties as 15 Indian Companies Explore Investment Opportunities

Ghana and India have renewed their commitment to deepening economic and commercial relations as a 15-member Indian business delegation arrived in Ghana to explore investment opportunities and forge partnerships with Ghanaian businesses.

The multi-sectoral delegation, which arrived in Ghana on October 5, 2026, is participating in a two-day business-to-business (B2B) engagement organised with the support of the Ghana-India Chamber of Commerce (GICC) and other partners.

The engagement, held at the Royale Fiesta Hotel, brought together Indian companies, Ghanaian businesses, government representatives, and private-sector stakeholders to explore opportunities in trade, investment, technology transfer, manufacturing, and joint ventures.

Addressing the gathering, India’s High Commissioner to Ghana, H.E. Surinder Bhagat, described the growing business engagement as a reflection of the warm and longstanding relationship between the two countries.

He noted that Ghana and India had developed strong relations over the decades, spanning education, healthcare, capacity building, development cooperation, and trade.

According to him, more than 1,000 Indian companies are currently present in Ghana, demonstrating the depth of India’s economic engagement with the country.

“India is among Ghana’s most important and trusted trading partners,” the High Commissioner said, stressing that the two countries possessed complementary economic strengths that could be leveraged to promote inclusive growth.

He said Ghana’s political stability, favourable business environment, strategic access to regional markets, and dynamic private sector made the country an attractive destination for Indian businesses seeking to expand across West Africa.

Focus on strategic sectors

The High Commissioner said the two-day B2B engagement, held under the theme “Restore, Connect, Grow,” was designed to move beyond networking and facilitate concrete commercial partnerships.

He identified healthcare and pharmaceuticals, medical devices and hospital supplies, agribusiness and agro-processing, textiles and fashion, engineering and hardware, paper and packaging, chemicals, plastics, fishing products, and general trade as areas with significant potential.

He said Indian expertise in healthcare, agricultural machinery, industrial technology, and manufacturing could complement Ghana’s resources and market opportunities.

“Today’s B2B interactions are much more than a networking exercise,” he said, highlighting opportunities to establish supply chains, facilitate technology transfers, create joint ventures, and develop lasting business partnerships.

He further urged the two business communities to pursue more buyer-seller engagements, trade delegations, investment discussions, and sector-specific partnerships.

The High Commissioner also disclosed that an important high-level visit to Ghana was expected in the coming days, with trade, commerce, and investment expected to feature prominently.

GICC calls for bigger business ambitions

President of the Ghana-India Chamber of Commerce, Dr. Kwabena Ekremet, urged Ghanaian businesses participating in the engagement to be ambitious in their negotiations with Indian companies.

He encouraged local businesses to maximise the opportunities presented by the Indian delegation and seek partnerships capable of significantly expanding their operations.

“If you came here to order one container of goods, make it ten containers,” he urged participants, stressing that Indian businesses were ready to support Ghanaian entrepreneurs to grow.

He also encouraged businesses that were not members of the Ghana-India Chamber of Commerce to consider joining to access further opportunities.

GIPC unveils investment opportunities

The Chief Executive Officer of the Ghana Investment Promotion Authority (GIPC), Mr. Simon Madjie, said the growing Ghana-India relationship presented a major opportunity to transform longstanding diplomatic ties into increased investment, stronger business partnerships and greater commercial activity.

He disclosed that trade between Ghana and India had increased significantly, from approximately $3 billion in 2024 to about $6.5 billion in 2025.

Ghana’s exports to India, he said, increased from about $1.7 billion to $5.2 billion during the same period, with gold accounting for approximately 85 percent of Ghana’s exports to India.

Other Ghanaian exports include petroleum oils, cashew nuts, oil seeds, and wood products, while India exports a broad range of manufactured goods to Ghana, including machinery, vehicles, pharmaceuticals, plastics, iron and steel products, and chemicals.

Mr. Madjie further disclosed that GIPC records showed more than 1,000 registered Indian investment projects in Ghana between 1994 and 2026, representing an estimated foreign investment value of approximately $12.07 billion.

These investments, he said, cut across manufacturing, agriculture, services, construction, general trading and export trading.

Despite the growth, the GIPC CEO said considerable untapped potential remained and called for greater investment in productive capacity, value-added production, exports and technology transfer.

Agriculture, healthcare, manufacturing among priority areas

Mr. Madjie outlined several investment opportunities available to Indian companies, including commercial farming, agro-processing, irrigation, agricultural mechanisation, agricultural inputs, greenhouse production, warehousing, cold-chain infrastructure, and logistics.

In healthcare, he said Indian companies could explore pharmaceutical manufacturing, medical consumer goods, research and development, hospitals, and specialised healthcare facilities.

Opportunities also exist in packaging, textiles, garments, automotive components, electric vehicles, mining and critical minerals, and oil and gas.

Ghana’s growing digital economy, he added, was opening opportunities in artificial intelligence, data centres, cloud infrastructure, and business services, while the financial sector offered prospects in digital payments, trade finance, insurance, and investment platforms.

Tourism, carbon markets and industrial and medicinal cannabis were also identified as emerging areas for investment.

Ghana positions itself as gateway to Africa

Mr. Madjie said Ghana’s position as host of the African Continental Free Trade Area (AfCFTA) Secretariat provided investors with an important platform to access the wider African market.

He said businesses establishing production in Ghana could use the country as a base to serve markets across Africa and beyond.

He also highlighted Ghana’s access to international markets through trade arrangements with the United States, United Kingdom and the European Union, describing the country as a strategic location for companies seeking to produce in Ghana, sell across Africa, and export to global markets.

The GIPC CEO further pointed to Ghana’s political stability, constitutional democracy, rule of law and improving macroeconomic environment as factors that could provide investors with greater confidence in making long-term investment decisions.

He said recent reforms under the Ghana Investment Promotion Authority Act, 2022 (Act 865), had strengthened the investment facilitation framework, including the creation of a more coordinated one-stop-shop approach for investors.

He assured the Indian delegation that GIPC was prepared to support investors from identifying opportunities and establishing businesses to navigating regulatory processes and expanding their operations.

From dialogue to concrete investment

Mr. Madjie urged members of the Indian delegation to use the B2B engagement to identify viable opportunities and establish partnerships capable of translating discussions into actual investments.

“I urge the Indian delegation to make the most of today’s engagement. Engage with the Ghanaian businesses that you see here, explore the opportunities available and pursue partnerships that can move beyond discussions to concrete investments and commercial ventures,” he said.

He expressed confidence that the engagements would result in successful enterprises and enduring commercial partnerships between Ghana and India.

The business meeting forms part of growing efforts by Ghanaian and Indian stakeholders to translate the countries’ longstanding diplomatic friendship into stronger trade, investment, technology transfer, industrial development, and job creation.

With Indian businesses already active across several sectors of Ghana’s economy and new companies showing interest in the Ghanaian and wider West African markets, stakeholders at the engagement expressed optimism that the latest delegation would open a new chapter in Ghana-India economic cooperation.

Source:Joseph Kobla Wemakor