The Chief Executive Officer of the Ghana Investment Promotion Authority (GIPA), Mr. Simon Madjie, has announced that trade between Ghana and India has seen a remarkable 170 percent growth, increasing from approximately $3 billion in 2024 to about $6.5 billion in 2025. This sharp rise in bilateral trade reflects the strength of economic relations between the two countries and highlights vast potential for further expansion, diversification, and investment.
Mr. Madjie made the disclosure at a two-day Ghana–India Business-to-Business (B2B) Meet in Accra, organised by the Ghana–India Chamber of Commerce (GICC) in collaboration with the Federation of Indian Export Organisations (FIEO), with support from the High Commission of India in Ghana. The conference brought together over 200 Ghanaian entrepreneurs from various regions to explore trade and investment opportunities with a 20-member Indian multi-product delegation.
The Indian delegation represented over 15 sectors, including pharmaceuticals, healthcare, engineering, machinery, electronics, chemicals, automobiles, textiles, agriculture, construction materials, and digital solutions. Ghanaian buyers and importers engaged with the Indian delegation to discuss potential trade and investment partnerships. Mr. Madjie noted that Ghana’s exports to India rose significantly from $1.7 billion in 2024 to $5.2 billion in 2025, with gold accounting for about 85 percent of these exports.
Other notable Ghanaian exports to India included petroleum oils, cashew nuts, oil seeds, and wood. In contrast, India’s exports to Ghana comprised machinery, vehicles, pharmaceuticals, plastics, iron and steel, and chemicals. The growth in trade between the two countries demonstrates the increasing economic ties and cooperation between Ghana and India.
According to Mr. Madjie, GIPA had recorded more than 1,000 Indian-related investment projects between 1994 and 2026, valued at approximately $12.07 billion. These investments span various sectors, including manufacturing, agriculture, services, construction, and trading. He stressed that the next phase of Ghana–India relations should focus on productive capacity, value-added exports, and technology transfer to further strengthen economic ties.
The Indian High Commissioner to Ghana, Mr. Surinder Bhagat, described the B2B meet as a vital platform for businesses to understand each other’s needs and forge partnerships. He highlighted Ghana’s strategic location and hosting of the AfCFTA headquarters as key advantages, making the country an attractive gateway to West Africa. Mr. Bhagat expressed hope that the diverse Indian delegation would establish lasting partnerships with Ghanaian businesses.
Mr. Bhagat also noted that bilateral trade had already reached close to $8 billion, underscoring the need to diversify beyond commodities. The Ghana–India B2B Meet is expected to strengthen direct contacts between businesses from both countries and unlock new opportunities for partnerships in high-potential sectors. The growth in trade and investment between Ghana and India is expected to continue, driving economic growth and cooperation between the two nations.
Key points
- The trade between Ghana and India surged from $3 billion in 2024 to $6.5 billion in 2025, marking a 170 percent growth.
- Ghana’s exports to India rose from $1.7 billion in 2024 to $5.2 billion in 2025, with gold accounting for about 85 percent of these exports.
- GIPA recorded over 1,000 Indian-related investment projects between 1994 and 2026, valued at approximately $12.07 billion.
