Ghana's economy is stable, come and invest in the pharmaceutical and vaccine manufacturing sectors - Mahama tells Indian companies
President Mahama said Ghana’s economy is stable, inflation is declining, and the cedi is holding its own, making it an attractive destination for investment.
President John Dramani Mahama has extended a warm invitation to Indian companies to invest in Ghana's pharmaceutical and vaccine manufacturing sectors. Mahama made the pitch during a meeting with Indian External Affairs Minister, Dr Subrahmanyam Jaishankar, emphasizing the improving economic conditions in Ghana. The President noted that Ghana's economy is stable, with a declining inflation rate and a strong cedi, making it an attractive destination for investment.
He highlighted the government's commitment to health sovereignty, with Ghana's partnership with Indian-linked Atlantic Life Sciences and local firm KinaPharma as a shining example of expanding domestic vaccine production. Mahama also pointed to the growing trade between Ghana and India, noting that Ghana's exports to India have surged from around US$3 billion to nearly US$7 billion.
Meanwhile, Ghana has also benefited from Indian agricultural machinery, automobiles, and buses. Dr Jaishankar conveyed greetings from Indian Prime Minister Narendra Modi and President Droupadi Murmu, expressing the leaders' enthusiasm for deepening the long-standing Ghana-India partnership. The meeting took place as part of ongoing efforts to strengthen cooperation in various fields, including infrastructure, information and communication technology, health, trade, and investment.
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