TRADE WITH GHANA

Export Opportunities in India

Bilateral Trade crossed US$ 1 billion marks for the first time in 2011-12. Beginning in 2014-15, trade balance has shifted in favour of Ghana. The trade figures for the last few years are                                                                                                                                                                                                                                                                                                   (in US$ million)

Year

India’s exports to Ghana

India’s Imports from Ghana

Total Trade

Balance of Trade

2011-12

800.35

403.67

1204.02

396.68

2012-13

744.12

277.61

1021.73

466.51

2013-14

831.48

370.56

1202.04

460.92

2014-15

680.39

1257.60

1937.99

-577.21

2015-16

623.24

2981.27

3604.51

-2358.03

2016-17

682.27

1938.54

2620.82

-1256.27

2017-18

635.78

2710.05

3345.83

-2074.27

(Source: Department of Commerce, Government of India)

 Ghana’s main (traditional) exports are gold, cocoa, nuts, and timber products. Gold accounted for nearly 81% of the total imports by India from Ghana. India’s major exports to Ghana include pharmaceuticals, agricultural machinery, transport vehicles, electrical equipment, plastics, iron & steel, ethyl alcohol, beverages & spirits, cereals, made-up textiles, etc.

A Joint Trade Committee between Ghana and India was established to promote economic co-operation and enhance bilateral trade between both countries. Still, the but the Committee has not met for several years. Efforts are underway to reactivate this as a mechanism to address all trade concerns.

A Ghana-India development Consortium was also set up in February 2002, comprising representatives from privately-owned Indian companies, wishing to co-operate and collaborate with local entrepreneurs.

Ghana High Commission, New Delhi
Honorary Consulate, Mumbai

Honorary Consulate, Kolkata