Ghana, on West Africa’s Gulf of Guinea, is known for diverse wildlife. Coastal towns Elmina and Cape Coast contain native shrines, colonial buildings and castles turned museums. Ghana’s economy is one of the strongest and most diversified in Africa.  Ghana is one of the leading exporters of cocoa in the world. It is also a significant exporter of commodities such as gold and lumber.

Accra is the largest city and the capital of Ghana. It is an important commercial, manufacturing and communication center. The industries include vehicle and appliance assembly, petroleum refining, manufacture of foodstuffs, textiles, metal and wood products, plastics, pharmaceuticals etc.

The currency is Ghanaian cedi and the official language is English.

  • Important sectors:

Gold-cocoa production and individual remittances, are major sources of foreign exchange.

  • Small & Medium Enterprises (SME):

The statistics from the Registrar General’s Department, Government of Ghana suggests that around 92 per cent of companies registered are micro, small and medium enterprises. SMEs in Ghana provide around 85 per cent of manufacturing employment.

  • Industrial Clusters:

Kumasi – Rice millers

Kumasi – wood

Suame – engineering enterprises manufacturing metal products and vehicle repair

  • India’s Exports to Ghana

Pharmaceuticals; semi finished iron and steel; machinery; Sugar; plastic products; wood products and rice.

  • India’s imports from Ghana

Cashew Nuts; Scrap Metal; Wood; Cotton; Oil Seeds and Spices.

 

  • Indian Companies in Ghana

Tata, Ashok Leyland, Mahindra & Mahindra, Escorts, Larson & Toubro,

Bharti Airtel, NIIT, Shapoorji Pallonji & Co

Mahindra & Mahindra, Bajaj Auto Ltd.

 

  • Trade & Industry Organisations

Ghana Chamber of Commerce and Industry (GCCI)

Association of Ghana Industries (AGI)

Federation of Association of Ghanaian Exporters

Ghana Export Promotion Council

 

Trade statistics :

India’s major exports to Ghana include Year India’s exports to Ghana India’s Imports from Ghana Total Trade Trade Balance 2011-12 800.35 403.67 1204.02 396.68 2012-13 744.12 277.61 1021.73 466.51 2013-14 831.48 370.56 1202.04 460.92 2014-15 680.39 1257.6 1623.81 -577.21

 

(Source MEA/Indian Embassy)