Bilateral trade between India and Ghana has reached US$3.25billion in the first half of the 2025-26 Indian financial year, putting both countries on track for a record year, High Commissioner of India to Ghana, Manish Gupta, has announced.

“Within the current Indian financial year [April 1 to September 30, 2025] first half, our bilateral trade has already surpassed the US$3billion mark,” he said, reiterating both governments’ commitment to doubling this figure within the next five years.

He was speaking at the India-Ghana Business Conclave in Accra, where he noted that the pace of engagement and renewed strength of cooperation position both countries to reach this target even earlier than projected.

Gupta described the current phase of India–Ghana relations as “a qualitative transformation”, citing the July 2025 state visit of India’s Prime Minister Shri Narendra Modi, which elevated relations to a comprehensive partnership.

“Ghana has become a preferred gateway for Indian investments in the West African sub-region. Nearly US$2billion in FDI across over 900 projects and another US$1billion through concessional LOCs and Buyers’ Credit at the intergovernmental level have flowed into Ghana over the last two decades, making it a prime economic partner,” he said.

India’s strengths in agro-processing, pharmaceuticals, mining, skills development and renewable energy, he stressed, align directly with priorities of the Mahama administration, adding that “India stands ready to work with Ghana in advancing the Reset Ghana agenda”.

“India’s development cooperation is demand-driven and focuses on building local capacity and creating opportunities within Ghana. Our approach is not just to invest but also empower. Together, we progress in an environment of trust and collaboration,” he said.

Gupta further pointed to India’s Digital Public Infrastructure, including the Unified Payments Interface (UPI), as an opportunity for collaboration to enhance transparency, efficiency and digital inclusion in Ghana.

“India’s UPI is the single largest platform for digital transactions, accounting for nearly half of global real-time transactions in volume terms. Linking it with the Ghana Interbank Payment and Settlement System and Pan-African Payment and Settlement System would facilitate ease of banking and faster transactions,” he said.

The conclave, organised in collaboration with the Ghana National Chamber of Commerce and Industry (GNCCI), brought together government officials, industry leaders, Indian companies and business associations.

For his part, Presidential Advisor on the 24-Hour Economy and Accelerated Export Development, Augustus ‘Goosie’ Tanoh, reaffirmed government’s commitment to deepening economic ties with India and highlighted priority areas including agribusiness, pharmaceuticals, manufacturing, information and communications technology (ICT), infrastructure and small- and medium-sized enterprises (SMEs).

Highlighting business and investment opportunities under the flagship 24H+ Programme, he encouraged Indian firms to explore various areas of participation to support inclusive and sustainable growth.