360° Coverage : India's trade with Ghana clocks over 60 percent growth

12 Updates
India's trade with Ghana clocks over 60 percent growth
Photo Credit: Cameron Spencer, Getty Images

India's trade with Ghana clocks over 60 percent growth

Aug 16 2013, 3:05am CDT | by IANS

Accra, Aug 16 (IANS) The trade turnover between India and Ghana has crossed the $1 billion mark, levelling at $1.2 billion at the end of last year after a staggering 63 percent growth - possibly one of the largest for any African nation - and is set to rise even further, the Indian mission here says.

Accra, Aug 16 — The trade turnover between India and Ghana has crossed the $1 billion mark, levelling at $1.2 billion at the end of last year after a staggering 63 percent growth - possibly one of...

Filed under: news

YouTube Videos Tweets

 
 
 

1 year ago

India's trade with Ghana clocks over 60 percent growth

Aug 16 2013, 3:05am CDT | by IANS

Accra, Aug 16 (IANS) The trade turnover between India and Ghana has crossed the $1 billion mark, levelling at $1.2 billion at the end of last year after a staggering 63 percent growth - possibly one of the largest for any African nation - and is set to rise even further, the Indian mission here says.

Accra, Aug 16 — The trade turnover between India and Ghana has crossed the $1 billion mark, levelling at $1.2 billion at the end of last year after a staggering 63 percent growth - possibly one of the largest for any African nation - and is set to rise even further, the Indian mission here says.

"For the first time, the total trade between the two countries has crossed $1 billion and there exists much more potential to take the India-Ghana commercial engagement further to mutual advantage," a statement from the Indian High Commission said.

"This is an increase of over 63 percent over the previous year," the statement said, adding: "India's exports to Ghana stood at about $800 million against imports of about $404 million."

India's exports to the West African nation, with which it has had a long and historic relationship dating back to the time of its independence leaders Jawaharlal Nehru and Kwame Nkrumah, comprise mainly pharmaceuticals, agricultural machinery and items such as steel and cement required for infrastructure development.

India's export strategy, the statement said, is aimed at helping Ghana establish developmental projects with a combination of investments, grants and loans, complemented by projects and exports to provide inputs for these projects and not to dump cheap products.

"India does not believe that cheap, low-tech products that can be detrimental to the local industry are consistent with Africa's pursuit of self-reliance and with its efforts to add value to its significant natural resources," the statement noted.

"India wishes that these projects are undertaken under proposals authored by Ghana according to its own development priorities," it said, adding: "Where technology and knowledge-based items such as pharmaceuticals are exported from India, these are meant to bring down the cost of life-saving drugs and equipment."

India has so far extended and approved $230 million in credit lines to support various projects including the construction of the Flagstaff House Presidential Palace, establishment of a Foreign Policy Training Institute and financing a rural electrification project, the statement said.

Other projects are the supply of agricultural and irrigation equipment, a fish processing plant and supply of waste management equipment. "Some of these projects have already been completed while the others are at various stages of implementation," the statement said.

It also recalled the financing of the India-Ghana Kofi Annan Centre of Excellence for ICT that was set up with a grant from the Indian government and said this was "a shining example of India's commitment to complement Ghana's efforts towards human resource development".

"Teams of Indian experts have been visiting the Centre to upgrade the supercomputer there and train the Ghanaian manpower. India takes justified pride in the immense success of this Centre, which has become a hub for training in computer technology and for refining the IT skills of students and professionals, not just from Ghana but from the rest of the region," the statement noted.

It said Ghana is to receive 175 slots in this year's Indian Technical and Economic Cooperation (ITEC) programme following the recommendation to increase the allocated 150 slots by 25. "This is in view of the exceptionally high quality of talent in Ghana and the impressive record of utilisation," the statement added.

It said India's cooperation with Ghana is based on a bilateral relationship that is "issue-free, positive, forward-looking and ever-expanding while also being in tune with the rapidly evolving international order".

"When relations between two countries are rooted in a common historical legacy underlined by shared aspirations of their peoples and the progressive vision and values of their founding fathers, these cannot be but robust and it is but natural for them to enjoy mutual trust and understanding," the statement added.

(Francis Kokutse can be contacted at fkokutse@hotmail.com)

IANS

Source: IANS

 
Update
12

Tweets

 
 
Update
11

12 hours ago

West Africa: UN Ebola Mission Launched

Sep 21 2014 1:17am CDT | Source: AllAfrica.com

[UN News]Secretary-General Ban Ki-moon has officially established the United Nations Mission for Ebola Emergency Response and has instructed the advance teams for the first-of-its-kind operation to head to its base in Accra, Ghana, by Monday, ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 
Update
10

1 day ago

Pope Francis partners with Google for Scholas education platform

Sep 19 2014 6:45pm CDT | Source: BetaNews

Regardless of your opinions on religion or beliefs, you cannot deny that the Pope is a powerful man that can enact change. In other words, even though he is a mortal man like the rest of us, when he speaks, people listen. Pope Francis has been revered by the world's poor, as he has largely shun riches, in exchange for a more modest lifestyle. Now, the Pope is working with Google services to communicate with yo ...
Source: BetaNews   Full article at: BetaNews
 

 
Update
9

2 days ago

Cocoa Is Surging Because Of Ebola

Sep 19 2014 1:09pm CDT | Source: Business Insider

Cocoa futures are up over 2% today, and they've have been flying higher this week. Ebola is being blamed for the spike. According to a report by The Wall Street Journal's Alexandra Wexler and Sara Jerving, concerns that Ebola will reach either Guinea or the Ivory Coast are scaring the cocoa futures market.  Ivory Coast and Ghana produce 60% of the world's coca, the report said, though no cases of Ebola have been confirmed in either countr ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
8

3 days ago

Ghana: Teenage Innovator Builds Bamboo Bikes

Sep 18 2014 10:01am CDT | Source: AllAfrica.com

[Deutsche Welle]A young female social entrepreneur has vowed to bring change to the world - one bamboo bike at a time. The 19-year-old employs about 30 girls to produce bikes in Ghana and has received numerous aw ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 
Update
6

1 week ago

South Africa/Ghana: Ghana, South Africa On the Brink

Sep 14 2014 11:17am CDT | Source: AllAfrica.com

[CAF]Ghana and South Africa are in pole position to reach the finals of the African U-17 Championship Niger 2015 after claiming victories in the final round first leg ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 
Update
5

1 week ago

Meet The Chef Who's Changing The Way We Look At Different Cultures' Food

Sep 12 2014 11:25am CDT | Source: Forbes Real Time

Chef JJ Johnson is introducing a new type of cuisine to the foodie lexicon: Afro-Asian. Drawing from a life-changing trip to Ghana and the meals of his upbringing, Johnson's dishes celebrate the African diaspora's effect on food. Johnson will bring his unique flavors to the ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
4

2 weeks ago

Ghana: Officials Meet to Prepare Aggressive Ebola Strategy

Sep 1 2014 2:49am CDT | Source: AllAfrica.com

[VOA]Ghana is to launch a nationwide Ebola campaign to educate students against the deadly disease after a meeting of health and education professionals scheduled for Monday in the capital, Accra, according to Deputy Ed ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 
Update
3

3 weeks ago

West Africa: Ebola - Five Countries, One Fear

Aug 29 2014 5:59am CDT | Source: AllAfrica.com

[Deutsche Welle]As the Ebola death toll surpasses 1,500, West African health ministers have met in Ghana for crisis talks. They are all united in the fear of the virus spreading; and yet, each ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 
Update
2

3 weeks ago

Ebola Africa travel bans to be axed

Aug 28 2014 6:05pm CDT | Source: BBC News

West African health ministers meeting in Ghana follow WHO advice and lift travel restrictions on countries affected by ...
Source: BBC News   Full article at: BBC News
 

 
Update
1

3 weeks ago

Africa: Diverse NYC African Diaspora Expresses Unity, Pride and Maybe Clout

Aug 26 2014 2:30am CDT | Source: AllAfrica.com

[VOA]New York -Over the last two decades, New York City has seen a surge in immigration from Africa. But until recently, newcomers from Sierra Leone, the Ivory Coast, Liberia, Guinea, Ghana other West African nations mostly kept to their own communities. Today, these diverse cultures are coming together to celebrate their common roots, and to demand recognition as a force wi ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Israel approves rebuilding plan for communities near Gaza
Jerusalem, Sep 21 (IANS) The Israeli cabinet Sunday approved a $360 million development initiative for the communities in the country's south, near the Gaza border, who were hit hard in the recent bloody conflict between Israel and the Hamas.
 
 
High-level Indian ministerial visits to London next month
London, Sep 21 (IANS/RAY) India's Finance and Defence Minister Arun Jaitley is scheduled to visit London Oct 13-14 for an interface with financial institutions to persuade them to invest in India.
 
 
Expressway to link Vietnam and China opens
Hanoi, Sep 21 (IANS) Vietnam's longest expressway connecting Noi Bai in capital Hanoi and the north-western Lao Cai province, bordering China, with a total length of 245 km, officially opened to traffic Sunday.
 
 
G20 deal on sharing bank data to help India battle black money
Cairns (Australia) Sep 21 (IANS) In a major step that will aid India track and recover black money stashed abroad, G20 finance ministers Sunday agreed on allowing automatic sharing of all bank information with tax authorities at the end of each year, starting 2017.
 
 
 

Latest from the Network

Israel approves rebuilding plan for communities near Gaza
Jerusalem, Sep 21 (IANS) The Israeli cabinet Sunday approved a $360 million development initiative for the communities in the country's south, near the Gaza border, who were hit hard in the recent bloody conflict...
Read more on Politics Balla
 
Shuttlers end India's long wait, Jitu leads team to bronze (Roundup)
Incheon, Sep 21 (IANS) Two bronze medals -- and the assurance of at least two more medals from squash -- summed up India's showing on the second day of the 17th Asian Games in Incheon. Jitu Rai failed to add a second...
Read more on Sport Balla
 
Mariah Carey turns to Brett Ratner for support after split
Mariah Carey has reportedly turned to Brett Ratner for support following her split from Nick Cannon. The 44-year-old singer has allegedly been spending a lot of time with the film director, 45, to help take her mind off...
Read more on Celebrity Balla
 
Russell Brand splits from Jemima Khan?
Russell Brand has allegedly split from Jemima Khan. The 40-year-old heiress reportedly dumped the 39-year-old comedian, who is known as a notorious lothario, last month following just a year of dating. A source told...
Read more on Celebrity Balla
 
Iggy Azalea throws panties away after gig
Iggy Azalea throws her panties away after one wear. The 'Fancy' hitmaker, 24, treats herself to some new lingerie before every show, but she admits she doesn't get much use out of them as she bins them after the gig...
Read more on Celebrity Balla
 
Nick Jonas and Patrick Schwarzenegger celebrate birthday at same venue
Nick Jonas and Patrick Schwarzenegger celebrated their birthday at the same venue on Friday (09.19.14). The 22-year-old singer and the 21-year-old model marked their annual milestones separately at the celebrity hot...
Read more on Celebrity Balla
 
Yemeni PM resigns amid deadly clashes in capital
Sana'a, Sep 21 (IANS) Yemeni Prime Minister Mohammed Basindawa resigned Sunday amid week-long deadly clashes between the army and Shia rebels here in the capital, a government official said. Basindawa has informed the...
Read more on Politics Balla
 
Modi confident India, US can develop a genuinely strategic alliance
Washington, Sep 21 (IANS) With the mood in Delhi and Washington in harmony, India and the US can develop a genuinely strategic alliance, Indian Prime Minister Narendra Modi declared ahead of his first summit meeting...
Read more on Politics Balla
 
Denzel Washington: I've no Bond campaign
Denzel Washington isn't campaigning to play James Bond. The 'Training Day' star has quashed rumours he is keen to take over the secret agent role from current 007 Daniel Craig and insists his joke about starting a...
Read more on Movie Balla
 
Six soldiers killed in Egypt plane crash
Cairo, Sep 21 (IANS) Six soldiers were killed and one was wounded Sunday when a military cargo plane crashed near an airport in Egypt, a media report said. The reconnaissance aircraft crashed near the military airport...
Read more on Politics Balla