Ghana attracted Foreign Direct Investment (FDI) worth $316 million in the first nine months of 2024, reinforcing its reputation as a prime investment destination in West Africa.
The Ghana Investment Promotion Centre (GIPC) disclosed this in its Third Quarter Report, which highlighted the registration of 108 projects with a total estimated investment value of $325.88 million.
Local investments accounted for $9.88 million, showcasing robust foreign interest complemented by domestic participation.
Out of the 108 registered projects, 85 were wholly foreign-owned, contributing $303.49 million, or 78.7% of the total investments.
Joint ventures between Ghanaian and foreign entities made up 23 projects, representing 21.3% of the total and valued at $22.39 million.
Initial capital transfers during this period amounted to $22.1 million, underscoring strong investor confidence in Ghana’s economy.
The manufacturing sector led the investment inflows, attracting 55 projects worth $190.7 million, making it the top recipient of FDI and a significant driver of Ghana’s industrialization efforts.
The liaison sector followed with $76.3 million in investments, while the general trade sector secured $21 million.
The sectoral breakdown of the projects included 55 in manufacturing, 27 in services, 11 in general trade, 7 in export trade, 3 in agriculture, 2 in tourism, and 2 in building and construction. Liaison services accounted for one project.
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