India and Ghana Inked Three Agreements [ Current Affairs ]

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Three bilateral agreements signed by India and Ghana to support co-operation in varied fields after designation level talks between President Pranab Mukherjee and his Ghanaian counterpart John Dramani Mahama at Accra.

  • The signed agreements includes
  1. visa waivers for holders of diplomatic and official passports
  2. setting up a Joint Commission

Civil Nuclear Cooperation

  • The African country has required civil nuclear cooperation of India to decrease its requirement on traditional energy sources during the delegation level talks between Indian President and his Ghanaian counterpart.

President’s 3 African countries tour

  • The President visited Ghana first during the six-day three countries tour as part of India’s program of deepening connections with the African countries.
  • Ivory Coast and Namibia was other two African countries.
  • This the first visit of any Indian President to Ghana and Ivory Coast whereas to Namibia, such official visit comes after two decades.

India-Ghana Relations

  • Ghana’s major foreign investor is India with more than 700 projects.
  • Most of these projects are in the manufacturing sector.
  • Bilateral trade between India and Ghana has increased to 1.2 billion dollars from 538 million dollars in 2010 in recent time.
  • Ghana’s key trade with India mainly involves gold exports which accounts for approximately 80 % of total trade.
  • Ghanaian gold is in excessive demand in India.
  • Ghana also has a very rich Indian-origin community, coarsely about 10, 000 and from this 7, 000 population have Indian passports with some families come here as early as 1920’s.

- Published on: June 14, 2016