Ghana Secures US$617.6m in Foreign Direct Investments in 2024 – GIPC

The manufacturing sector led in terms of project numbers, recording 66 initiatives. Services followed with 40 projects, while general trade accounted for 15, export trade nine, tourism four, agriculture three, building and construction two, and liaison one.

In terms of investment value, however, the services sector topped the chart with US$281.56 million, followed by manufacturing with US$220.62 million, and the liaison sector with US$76.30 million.

Commenting on the performance, GIPC Chief Executive Officer, Simon Madjie, said the new administration’s policy direction, together with the ongoing International Monetary Fund (IMF) Extended Credit Facility programme, is expected to boost investor confidence and drive economic recovery.

“The administration’s focus on improving the ease of doing business, encouraging public-private partnerships, and implementing investor-friendly reforms is expected to attract FDI into critical sectors like energy, infrastructure development, digital transformation, and agriculture,” he stated.

Madjie added that efforts to deepen regional trade integration and governance reforms will further consolidate Ghana’s position as a leading investment destination in West Africa.