Business News of Sunday, 21 January 2018

Source: Class FM

Ghana seeks Indian partners in pharmaceuticals, ICT

Mr Oquaye said the Federation and industries in Ghana can create a bigger and better relationship

Ghana’s High Commissioner to India, Michael A.N.N.Oquaye, has embarked on a drive for more collaborations between Ghanaian businesses and their Indian counterparts in the areas of pharmaceuticals, and Information and Communications Technology (ICT).



At a visit to the Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry in India, Mr Oquaye said the Federation and industries in Ghana can create a “bigger and better relationship”.



“We want to establish higher level of diplomacy, do business with Hyderabad because we feel that Hyderabad is one of the areas that is strategically placed to do business with Ghana,” he said.



He explained that pharmaceuticals, agriculture, and ICT are areas Ghana wants to collaborate with Hyderabad and pointed out that Ghana is the best destination for investment in Africa.



The bilateral trade between Ghana and India is around $2.5 billion, he said, pointing out that the scope to grow it is immense on the backdrop of India’s large market.



The High Commissioner said, Ghana serves as the gateway to Africa and is part of an economic community of West African States that provided access to a 300 million population.



Mr Oquaye further lauded the T-Hub incubator in Hyderabad indicating that Ghana can learn from such a model.



“This is an area Ghana would like to emulate so that we can create entrepreneurs of the next generation,” Mr Oquaye added on Wednesday after the visit to the incubator.



Expressing his appreciation for T-Hub, he said it was interesting to note how T-Hub “aggregated and congregated entrepreneurs”, supported their ideas and most importantly connected them to sources of funding for their projects.

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