Modi in Ghana
PM says India to double bilateral trade to over $6 bln in 5 years
This story was originally published at 13:01 IST on 3 July 2025
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NEW DELHI – India and Ghana have decided to double bilateral trade to over $6 billion in the next five years, Prime Minister Narendra Modi said on Thursday. The two countries also see immense scope in working closely in areas such as critical minerals, defence, maritime security and energy, the prime minister said.
"Our bilateral trade has crossed $3 billion. Indian companies have invested approximately $2 billion across approximately 900 projects. Today (Tuesday), we've set a target to double our bilateral trade over the next five years," Modi said during a joint press statement with Ghana President John Mahama. Modi, who is on a two-day visit to Ghana, held bilateral talks with Mahama. It is after three decades that an Indian prime minister is visiting Ghana.
Both the countries have elevated the bilateral relationship into a comprehensive partnership and Modi said India is ready to share its experience of the Unified Payments Interface digital payment with Ghana. "Development Partnership is a key pillar of our partnership. We assure India's complete support and cooperation towards President Mahama's efforts of ‘economic restructuring'. In the area of agriculture, it will be our pleasure to lend support towards President Mahama's "Feed Ghana" program," Modi said.
The prime minister also asserted that Indian companies shall cooperate in exploration and mining of critical minerals in Ghana. He said India is proposing to provide affordable healthcare and reliable care to the citizens of Ghana through Jan Aushadhi Kendras.
"We've discussed cooperation in vaccine production," Modi said. He added that cooperation will be extended to areas such as training of armed forces, maritime security, defence supplies and cyber security.
The two sides also signed four memoranda of understanding in areas of traditional medicines, cultural exchange programme, among others. End
US$1 = INR 85.40
Reported by Kuldeep Singh
Edited by Vandana Hingorani
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