President of the Republic of India, Pranab Mukherjee has disclosed there is the need to deepen India-Ghana economic interactions to $5 billion by 2020.
Pranab Mukherjee said the increase in trade investment in Ghana is an expression of his country’s confidence in its relations with the West African country.
Speaking at a meeting held at the Flagstaff House in Accra to discuss how to enhance economic trade between the two countries, Mukherjee said: “I am happy that our [India, Ghana] economic cooperation is going well.”
“India will therefore deepen bilateral relations…in the areas of trade, investment and the expansion of economic cooperation in the coming days of our cooperation.”
He expressed the hope that Ghana would receive a substantial amount of its share of the $10 billion facility India is availing to African countries in the next five years as part of their agreement signed in October, 2015 during the India-African business forum in New Delhi.
He gave the assurance that India would do everything possible to ensure that more support and assistance was channelled to Ghana under their new agreements to move Ghana up in the international political economy.
The visiting Indian President who also planted a tree of life at the Flagstaff House to symbolise the cordiality between Ghana and India later in the day visited Kwame Nkrumah Mausoleum, where he laid wreaths.
He also unveiled the statue of former Indian leader Mahatma Ghandhi at the Institute of Statistical, Social and Economic Research at the University of Ghana and held a business forum.