Renewable energy was a focal point at the Joint Trade Committee (JTC) meeting between India and Ghana, held in Accra on May 2-3, 2024. The discussions were led by Amardeep Singh Bhatia, Additional Secretary, Department of Commerce, India, and Michael Okyere-Baafi, Deputy Minister for Trade and Industry, Ghana. The meeting also discussed integrating India's Unified Payment Interface (UPI) with Ghana?s payment systems within six months. Potential agreements on digital transformation solutions and Local Currency Settlement Systems (LCSS) were explored. Opportunities under the African Continental Free Trade Agreement (AFCFTA) were also highlighted. The Indian delegation included officials from the Geological Survey of India, EXIM Bank, the Indian Pharmacopoeia Commission, and the Confederation of Indian Industry (CII), engaging with AFCFTA officials on various cooperative endeavours. Other sectors identified for collaboration were pharmaceuticals, healthcare, ICT, agriculture, food processing, power, the digital economy, infrastructure, critical minerals, textiles, and garments. As India becomes a significant investor in Ghana, bilateral trade between India and Ghana continues to grow, with $2.87 billion recorded in the fiscal year 2022-23.
