The 4th session of the India-Ghana Joint Trade Committee concluded with agreements to enhance digital payments and explore new avenues of cooperation.
India and Ghana resolved to activate the Unified Payment Interface (UPI) on Ghana’s Interbank Payment and Settlement Systems (GHIPSS) within six months, fostering smoother financial transactions. Discussions also revolved around potential MoUs on digital transformation solutions and local currency settlement systems, along with exploring opportunities under the African Continental Free Trade Agreement (AfCFTA).
During the session, focus areas such as the digital economy, textiles, renewable energy, and healthcare were identified for mutual investment and trade expansion. The collaborative effort aims to harness the untapped potential for further economic growth and development.
Bilateral trade between India and Ghana reached USD 2.87 billion in 2022–23, underscoring the significance of their economic partnership. India’s role as a leading investor in Ghana, spanning various sectors, highlights the depth of their engagement.
The discussions reflected the commitment of both nations to strengthen ties, boost trade and investment, and deepen people-to-people contacts, showcasing the enduring friendship between India and Ghana.
