INDIAN FIRMS LEAD IN NEW PROJECTS IN GHANA

Johannesburg
The Economic Times

India now boasts of the highest number of new projects in Ghana, several notches above the west African country's historically largest trading partner, South Africa.

India has 17 registered new large projects in Ghana, just one ahead of China, according to the Ghana Investment Promotion Centre (GIPC).

"We are focusing on India, China and the Middle East and on sectors such as IT, agriculture and power generation. Investors have long been watching Ghana, where a key strength is its multi-party democracy," Edward Ashong-Lartey of the GIPC told the news service Sake24.

While India and China may have more projects in number, the United Arab Emirates leads in terms of value as its $2 billion railways upgrade project is the biggest in Ghana this year, said Ashong-Lartey.