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

11 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

 
 
 

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
11

1 day ago

Patient screened for Ebola, cleared at Doctors Hospital

Oct 29 2014 9:43pm CDT | Source: Augusta Chronicle

A person who recently returned from Ghana was isolated and screened for Ebola Wednesday evening at Doctors Hospital. According to spokeswoman Lindsay Thetford, the patient arrived at the emergency room and told doctors he was not feeling well. Upon hearing the patient had just arrived from Africawithin the last 24 hours, the patient was isolated and screened for the virus before being cleared by the Centers for Disease Control and Prevention and Health Department offi ...
Source: Augusta Chronicle   Full article at: Augusta Chronicle
 

 
Update
10

1 week ago

THE LOVING SPOONFUL

Oct 23 2014 6:09am CDT | Source: More Intelligent Life

My Madeleine: as a pleased-with-herself graduate, Taiye Selasi thought she knew it all. But Ghana, and a bowl of soup, taught her otherwise From INTELLIGENT LIFE magazine, November/December 2014 In 2001, over the course of the summer, my godmother taught me to cook. I’d just graduated phi beta kappa from Yale. My mother was thrilled. My godmother, less. My education, however prestigious, was patently incomplete. I could write in Yoruba, translate L ...
Source: More Intelligent Life  Full article at: More Intelligent Life
 

 
Update
9

1 week ago

Liberians exiled by Ebola pray for end of outbreak

Oct 22 2014 6:01am CDT | Source: Elyria Chronicle-Telegram

BUDUBURAM CAMP, Ghana (AP) — Henry Boley left Liberia to attend a conference in Nigeria just days after his twins were born. Now, weeks later, he can’t get home. Amanda Johnson, a 50-year-old Liberian living in Ghana, awaits her fiance’s departure from their home country for their wedding, but refuses to return home because of Ebola. Read More...The post Liberians exiled by Ebola pray for end of outbreak appeared first on Chronicle-Telegram.Click here to read this story on The Chronicle-Telegr ...
Source: Elyria Chronicle-Telegram   Full article at: Elyria Chronicle-Telegram
 

 
Update
8

2 weeks ago

DHL Express certifié Top Employer 2015 en Afrique

Oct 14 2014 8:31am CDT | Source: Africa Business

DHL Express Afrique sub-saharienne (http://www.dpdhl.com) a reçu la certification Top Employer pour l’excellence des conditions de travail proposées à son personnel en Afrique. Cette certification Top Employers s’ajoute à celle obtenue dans six pays africains (Afrique du Sud, Nigeria, Kenya, Ouganda, Éthiopie et Ghana) pour leurs marchés locaux respectifs. Une étude indépendante menée par Top .. ...
Source: Africa Business   Full article at: Africa Business
 

 
Update
7

2 weeks ago

Africa: Nothing Beats Radio for Telling Climate Change Stories

Oct 14 2014 6:46am CDT | Source: AllAfrica.com

[SciDev.Net]Marrakesh -A story about the relationship between two farmers and two scientists researching drought recently won Ghanaian journalist Kofi Adu Domfeh the 2014 African Climate Change and E ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 
Update
5

3 weeks ago

Ebola Outbreak: Why do People Eat Bat Meat?

Oct 9 2014 11:57am CDT | Source: IBTimes UK

Scientists examine what drives the consumption of bat meat ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 
Update
4

3 weeks ago

Sierra Leone: President Koroma Welcomes Cuban Medics

Oct 9 2014 8:53am CDT | Source: AllAfrica.com

[Sierra Leone Government]President Dr Ernest Bai Koroma on Wednesday 8th October received the Cuban delegation of One Hundred and Sixty-Five medical (165) staff including doctors and nurses at State House. The delegation was led by the Cuban Ambassador to Sierra Leon ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 
Update
3

4 weeks ago

Ghana’s economic growth expected to nosedive

Oct 1 2014 1:48pm CDT | Source: Africa Business

Runaway fiscal deficit and rising inflation are threatening to derail steady economic growth in Ghana, the International Monetary Fund (IMF) has said. Toujas-Bernaté, who led an IMF mission to Ghana, noted the country continues to face significant domestic and external vulnerabilities that are putting medium-term prospects at risk. According ...
Source: Africa Business   Full article at: Africa Business
 

 
Update
2

4 weeks ago

Fail Forward’s Ashley Good on how to screw up in the best possible way

Oct 1 2014 9:56am CDT | Source: Canadian Business Online

Fail Forward founder Ashley Good (Engineers Without Borders) Some years ago, Ashley Good, founder and CEO of Toronto-based consultancy Fail Forward, was working for Engineers Without Borders in Ghana when it soon became clear that the project she was part of was horribly flawed and would not succeed. Yet when the program evaluator flew in from Rome, Good was shocked to find that none of her colleagues was willing to admit the scope of the problem. “Th ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
1

4 weeks ago

West Africa: UN Ebola Mission Wants 'Significant Progress' in 60 Days

Oct 1 2014 2:41am CDT | Source: AllAfrica.com

[Deutsche Welle]The UN mission to combat Ebola, which opened its headquarters in Ghana, is laying out a strategy to bring the disease under control. Another UN body reports that Ebola orphans are being shunned by suspicious relat ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Bhopal fugitive Warren Anderson is dead (Roundup, Changing dateline)
Washington, Oct 31 (IANS) Warren Anderson, the former CEO of Union Carbide Corp, has died at 92 after living for 30 years under the shadow of the 1984 Bhopal gas tragedy that killed thousands.
 
 
Sit-ins delayed building powerhouses: Nawaz Sharif
Islamabad, Oct 31 (IANS) Prime Minister Nawaz Sharif Friday blamed sit-ins for delaying the construction of powerhouses in the country, as cricketer-turned-politician Imran Khan continued protesting with supporters in the capital city for over two months.
 
 
Britain to repay part of First World War debt
London, Oct 31 (IANS) British Chancellor of the Exchequer George Osborne Friday announced that the British government will pay off part of the country's First World War debt as part of the redemption of bonds stretching as far back as the 18th century.
 
 
UN-Habitat presents the first World Cities Day
Shanghai, Oct 31 (IANS/EFE) The UN Human Settlements Programme (UN-Habitat), headed by former Barcelona mayor Joan Clos, Friday launched its first World Cities Day in China, to be held every Oct 31 to promote sustainable development.
 
 
 

Latest from the Network

Apple Outsmarts Samsung in Terms of Revenue Generation
Samsung can sell more products, but it doesn’t mean that it will earn more profit, as Apple overtakes the Korean giant with respect to the earnings.According to the Cult of Mac, Samsung earned a profit of $3.8 billion...
Read more on Apple Balla
 
Apple Declares Not to Remove PCalc iOS Calculator Widget
The PCalc iOs calculator widget is free from the risk of being removed, as Apple decides not to drop it from the App Store.According to Tech Crunch, the officials of Apple have confirmed about the move, stating that it...
Read more on Apple Balla
 
Seth Rogen to Act as Steve Wozniak in the Steve Jobs’ Movie
Seth Rogen has got an important role in the biopic of the late Apple co-founder Steve Jobs, as he has been selected to play as Steve Wozniak.According to the Variety, Rogen will be advised directly by Steve Wozniak, the...
Read more on Apple Balla
 
Ponzy schemer cheats residents of $22 mn, gets 15-year jail
Washington, Oct 31 (IANS) If you have been one of those approached by some 'known' person for investing in something with an assurance of 'easy money', you may benefit reading about this Ponzi schemer jailed in the US...
Read more on Politics Balla
 
Burkina Faso's president quits, army chief takes power (Roundup)
Ouagadougou, Oct 31 (IANS) Burkina Faso's army chief Gen. Nabere Honore Traore assumed power Friday after President Blaise Compaore announced his resignation following violent protests against his attempt to extend...
Read more on Politics Balla
 
Spanish government challenges Catalonia's symbolic vote on independence
Madrid, Oct 31 (IANS/EFE) Spain's government Friday challenged Catalonia's decision to hold a symbolic vote Nov 9 as an alternative to a referendum on independence stalled by the Constitutional Court. The government...
Read more on Politics Balla
 
Myanmar roundtable summit discusses political issues
Nay Pyi Taw, Oct 31 (IANS) Myanmar's first five-party roundtable summit held in the Presidential Palace here Friday discussed some key political issues in the country, presidential spokesman U Ye Htut said at a press...
Read more on Politics Balla
 
Jake Gyllenhaal saves outrageous clothes for Halloween
Jake Gyllenhaal always wears his ''sl***iest outfit'' every Halloween. The 33-year-old actor has revealed his dad, director Stephen Gyllenhaal, is ''obsessed'' with Halloween and throughout his childhood Jake and his...
Read more on Celebrity Balla
 
Katie Holmes would tell her younger self to 'relax'
Katie Holmes would tell her younger self to ''relax''. The 35-year-old actress, who has eight-year-old daughter Suri with ex-husband Tom Cruise, claims she never believed she could carve out a career in Hollywood while...
Read more on Celebrity Balla
 
Joshua Jackson calls Diane Kruger his wife
Joshua Jackson calls Diane Kruger his wife. The 'Affair' star, who previously admitted he and his German girlfriend of eight years are unlikely to ever marry, doesn't like referring to the blonde beauty as his...
Read more on Celebrity Balla