As per the media report it has been learned from the information received from the Ministry of Commerce & Industry that 4th Session of India-Ghana Joint Trade Committee held in Accra. In this meeting India, Ghana agree to operationalise UPI on Ghana Interbank Payment and Settlement Systems in six months. Both sides explore possibility of MoUs on Digital transformation Solutions and Local Currency Settlement System and also discussed about opportunities under African Continental Free Trade Agreement also discussed. In this JTC digital economy, textiles, renewable energy and healthcare sectors identified as focus areas. Ghana is an important trading partner of India in Africa region. Bilateral trade between India and Ghana stood at USD 2.87 billion in 2022-23. India stands as a leading investor in Ghana and emerged as the third-largest investor. These investments traverse diverse sectors, encompassing pharmaceuticals, construction, manufacturing, trade services, agriculture, tourism, and more.
As per the media reports a 7-member delegation from India led by Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India, Shri Amardeep Singh Bhatia accompanied by High Commissioner of India to Republic of Ghana, Shri Manish Gupta and Economic Adviser, Department of Commerce, Ms. Priya P. Nair held a Joint Trade Committee (JTC) meeting with their Ghanaian counterparts in Accra from 2nd to 3rd May, 2024. The JTC was co-chaired by Deputy Minister for Trade and Industry, Republic of Ghana, Hon. Michael Okyere-Baafi; and Additional Secretary, Department of Commerce, Shri Amardeep Singh Bhatia. The deliberations of the 4th Session of India-Ghana JTC were cordial and forward-looking, indicative of the amicable and special relations between the two countries. There was enthusiastic response towards greater cooperation in addressing pending issues, boosting trade and investment and enhancing people to people contacts.
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