High Commissioner calls on Indian firms to invest in Ghana
Date published: February 2, 2011
By Masahudu Ankiilu Kunateh
The High Commissioner of India to Ghana, H.E Mrs. Ruchi Ghanashyam has called on the Indian business community to take the opportunities of Ghana’s burgeoning economy and its peaceful and democratic credentials to invest.
According to her, “Ghana’s economy is projected to be the fastest growing in the sub-Saharan region in 2012. With its peaceful and democratic credentials and friendly people, Ghana is an attractive investment destination”.
Mrs. Ghanashyam made the call at a well-attended reception held to mark India’s 62nd Republic Day, at her residence in Accra. She assured the government that India would continue to contribute to the socio-economic development of the West African country.
Mrs. Ghanashyam, therefore, called on the Indian community in Ghana to continue to build stronger relationships with their Ghanaian counterparts to further accelerate the development of the country.
According to her, “Capacity building has been the hallmark of India-Ghana cooperation. Over 100 Ghanaian professionals and students trained under the India Technical and Economic Cooperation (ITEC) and Special Commonwealth Assistance for Africa Programme (SCAAP) over the years”.
The affable Indian Diplomat added that other Ghanaian professionals and students also obtained scholarships from the Indian Council of Cultural Relations (ICCU) and Indian Institute of Foreign Trade (IIFT), stressing that the Pan African e-Network project inaugurated in Ghana in 2009, was complementing this effort, as the Kwame Nkrumah University of Science and Technology (KNUST) has started degree courses with some Universities and Institutions in India.
On the business front, Ghana and India have signed a Memorandum of Understanding (MoU) to set up a joint venture fertilizer project in Ghana, valued at $1.3 billion. The project, when completed would produce over 1.15 million tons of fertilizer for Ghanaian farmers.
Several Indian industry giants are establishing their base in Ghana. The latest being Bharti Airtel, which entered the competitive Ghanaian telecommunications industry after its acquisition of Zain Africa, M/S Tech Mahindra, an Indian IT giant, among others.
Tracing Ghana-India diplomatic relations, the Minister of Defence, Lt Gen Joseph Henry Smith (rtd.) said Ghana-India diplomatic relations dated back in 1957 when Ghana became independent. Since then, “they have been very cordial over the decades, and characterized by a whole array of mutually-beneficial cooperation projects and programmes”.
He paid glowing tribute to the first President of Ghana, Dr. Kwame Nkrumah and the first Prime Minister of India, Mr Jawaharlal Nehru for being the architects of Ghana-India relations.
Lt Gen Henry Smith noted that “India’s independence greatly inspired and strengthened the resolve of nations under colonization to fight for their political emancipation”.
It was with that inspiration that Ghana waged its struggle for independence, and followed it a decade latter to become the first country south of the Sahara to attain independence from British rule, he added.
Meanwhile, the India High Commission to Ghana, in collaboration with the Silverbird Entertainment Ghana Limited, is organising a week-long annual Indian films festival to celebrate the day.
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