The Ghana Investment Promotion Center (GIPC) has released data that shows that Ghana received $123.06 million in foreign direct investment (FDI) for Q1 2024.
This is a 17% increase compared to the $106 million that was recorded in Q1 2023.
Digging Deeper
The data also showed that there were 32 FDI projects registered, 24 of which were foreign-owned.
There were 8 joint venture projects between Ghanaians and their foreign counterparts which had a total estimated investment cost of $4.78 million.
The manufacturing sector recorded the highest number of projects with 12, followed by the services sector with nine projects.
General Trading had 4 projects, export trade and building and construction had 2 projects each. The tourism, liaison, and agriculture sectors each recorded one project.
China still leads in FDI
The report showed China as the leading source of investments by the number of projects, with 8 projects registered. Spain recorded the highest FDI value, amounting to $76.41 million.
Catch up on news and other tidbits on our WhatsApp Community Page, Twitter/X, and subscribe to our weekly newsletter to ensure you don’t miss out on any news.
