Ghana and India record $1.2b bilateral trade in 2014

The total of bilateral trade between Ghana and India was $1.2 billion in the 2013/2014.

While Ghana imported goods valued at $ 830.76 million from India, the country exported goods valued at $370.57 million to India in the same period, according to information from the Indian government’s Department of Commerce.

Ghana’s exported gold, cocoa and timber products to India and imported pharmaceuticals, telecommunication, agricultural machinery, electrical equipment, plastics, steel, cement and other goods from India.

Meanwhile, the Ghana Investment Promotion Centre (GIPC) says Indian companies have invested in 602 projects with total investments of $637.34 million between September 1994 and September 2013 making India the second largest foreign investor country in Ghana in terms of number of projects and ranked 9th in position according to value of FDI in Ghana.

By Emmanuel K. Dogbevi