 in 2024, the Ghana Investment Promotion Centre (GIPC) has announced.){kind=link}
Ghana attracted US$617.61 million in Foreign Direct Investments (FDI) in 2024, the Ghana Investment Promotion Centre (GIPC) has announced.
According to the Centre, 140 projects were registered during the year with a total estimated investment cost of US$651.72 million, of which US$34.11 million came from local participation. Initial capital transfers stood at US$31.25 million.
Out of the 140 projects, 107 were wholly foreign-owned, representing 76.4% of the total, with an estimated cost of US$341.65 million. The remaining 33 projects were joint ventures between Ghanaians and foreign partners, representing 23.6% and valued at US$310.07 million.
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.