India has demonstrated its commitment to strengthening bilateral cooperation, especially in the areas of industrial growth, energy, and technology, and has voiced high confidence in Ghana’s economic potential.
Indian officials and business leaders expressed hope about Ghana’s future at a high-level session this week in Accra.
“India believes in Ghana’s potential, in your talent, and in the limitless opportunities ahead. We are ready to invest. We are ready to partner… to make Ghana the industrial heartbeat of Africa,” stated Mr. Mukesh Thakwani, a senior Indian delegate.
India intends to establish strategic alliances to strengthen Ghana’s position as a regional leader in investment and industry.
Strategic Partnership Areas:
- The Petroleum and Energy Sector
In the past, Ghana has welcomed Indian investment, including exploration licenses, in its oil and gas sector. Ghana’s Deputy Minister of Energy urged Indian businesses to support refinery construction and invest in western oil blocks in 2023. - Industrial and Manufacturing Growth
With more than US $228 million in credit lines, India makes major investments and loans to Ghana’s manufacturing infrastructure, including electrification, rail, and agro-processing. Well-known Indian companies, including as Mahindra & Mahindra, are already active in Ghanaian automotive innovation and vehicle assembly.
- Innovation & Information Technology
Ghana’s Kofi Annan Centre of Excellence in ICT, which India assisted in founding, is still a significant representation of their collaboration in technology education.
Ghana wants to become a significant economic center. Supported by an IMF bailout meant to restore macroeconomic stability, it reached a debt-relief agreement with 25 international creditors worth US$2.8 billion. At the same time, the country is increasing its gold output—estimated at 5.1 million ounces in 2025—and constructing its first petroleum and petrochemical hub.
Why Gold Fever Is Sweeping Ghana Right Now
India’s announced investments and partnerships could deepen Ghana’s industrial base, diversify its economy, create jobs, and reduce reliance on imports.
For India, the move aligns with India’s global south policy, seeking economic influence and trade expansion, while counterbalancing rivals like China in Africa.
India’s public endorsement of Ghana as a strategic industrial partner marks a significant diplomatic and economic milestone. It highlights mutual interests: Ghana’s aspiration to become Africa’s industrial powerhouse, and India’s goal to strengthen ties in the global south.
