India–Ivory Coast relations SODEMI (Ivorian state-owned company for mineral development) have entered into a joint venture agreement (JVA) for the development of Mount Nimba Iron ore deposits in Ivory Coast (West Africa). The Mt Nimba deposit, spread over 3 countries - Liberia, Guinea and Ivory Coast, is one of the biggest in the Africa. With Ivory Coast still maintaining its status as the economic powerhouse of French West Africa, India is looking to open new factories in the country. Ivory Coast's Minister of Mines, Energy and Petroleum, Monnet Leon, has also urged India to make use of Ivory Coast's vast mineral resources, including
Ghana minerals, hydrocarbons and precious metals. It is an emerging designated digital economy with mixed economy hybridisation and an emerging market with 8.7% GDP growth in 2012. It has an economic plan target known as the "Ghana Vision 2020". This plan envisions Ghana as the first African country to become a developed country between 2020 and 2029 and a newly industrialised country between 2030 and 2039. This excludes fellow Group of 24 member and Sub-Saharan African country South Africa, which is a newly industrialised country. Ghana's economy also has ties to the Chinese yuan renminbi along with Ghana's vast gold reserves.