Ghana Investment Promotion Centre Records $123 Million in Foreign Direct Investment In Q1 2024

This is a 17% increase from Q1 2023

By Joseph-Albert Kuuire 0 Min Read

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.

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Joseph-Albert Kuuire is the creator, editor, and journalist at Tech Labari. Email: Twitter: @jakuuire
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