Ministry of External Affairs secretary (Economic Relations) Rahul Chhabras recent visit to Ghanas capital Accra failed to grab headlines. Foreign policy watchers, however, said with India looking to ink a comprehensive deal with the African Continental Free Trade Area (AfCFTA), Chhabras visit to Accra is of “immense importance” especially as the secretariat is headquartered there.
While many Indian companies are already operating in Africa, several others are firming up plans. The AfCFTA provides a window to the Indian companies to tap a unified African market.
“The Republic of Ghana is the headquarter of the AfCFTA and can serve as a gateway to the 1.2 billion-strong African population having a combined GDP of $3.4 trillion,” Michael Aaron N. N. Oquaye Esq High Commissioner, The High Commission of the Republic of Ghana in India said last year at the India-Ghana Trade & Investment Opportunities Virtual Summit. Read More.