Ghana secured $316 million in Foreign Direct Investment (FDI) during the first nine months of 2024, reflecting its strong investment appeal.
The Ghana Investment Promotion Centre (GIPC) disclosed this in its Third Quarter Report, which registered 108 projects worth $325.88 million.
Local investment contributed $9.88 million of the total, indicating significant foreign interest alongside domestic participation in Ghana’s economy.
Of the 108 projects, 85 were wholly foreign-owned, valued at $303.49 million, representing 78.7% of all registered projects.
Joint Venture partnerships between Ghanaian and foreign entities accounted for 23 projects, representing 21.3% of the total. This brings estimated investment value of US$22.39 million.
Initial capital transfers into the country during this period amounted to US$22.1 million, signalling significant investor confidence. The manufacturing sector emerged as the top recipient of foreign investments, securing the highest number of projects and the largest FDI inflow.
It attracted 55 projects and received an FDI value of US$190.7 million, cementing its role as a key driver of Ghana’s industrial development. The liaison sector followed with FDI inflows of US$76.3 million, while the general trade sector recorded US$21 million in investments.
The sectoral breakdown of the 108 projects highlights a strong focus on industry and services. After manufacturing 55 projects, the services sector secured 27 projects, followed by general trade (11 projects), export trade (7 projects), agriculture (3 projects), tourism (2 projects), and building and construction (2 projects). Liaison services rounded up the list with one project.
The robust inflows into Ghana’s manufacturing sector reflect the country’s strategic focus on industrialization and job creation.
Read also: IMF Warns of Risks to Ghana’s Recovery and Stability
 disclosed this in its Third Quarter Report, which registered 108 projects worth $325.88 million.){kind=link}