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4th Session of India-Ghana Joint Trade Committee

Why is it in the news?

  • The 4th session of the Joint Trade Committee concluded in Accra, Ghana.

Some of the Key highlights

  • India and Ghana agreed to operationalize India’s UPI on Ghana’s GHIPSS within 6 months, enhancing digital payment systems and facilitating smoother financial transactions between the two nations.
  • Discussions involved the potential signing of Memorandums of Understanding (MoUs) on Digital Transformation Solutions and local currency settlement systems, indicating a desire to deepen cooperation in areas of mutual interest.
  • Both countries explored opportunities under the African Continental Free Trade Agreement (AfCFTA), aiming to capitalize on the trade potential within the African region and enhance economic ties.


  • Ghana holds significance as a crucial trading partner for India in Africa, with bilateral trade reaching USD87 billion in the fiscal year 2022-23.
  • India is a prominent investor in Ghana across various sectors, including pharmaceuticals, construction, manufacturing, trade services, agriculture, and tourism, underscoring the diversification and depth of economic engagement between the two nations.

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