Accra still the epicentre of investment activity – GIPC report
Accra has once again cemented its position as Ghana’s investment hub, with fresh third-quarter data from the Ghana Investment Promotion Centre (GIPC) showing that the national capital attracted 41 out of 53 new projects registered between July and September.
The Q3 numbers reinforce Accra’s dominance as the country’s commercial and industrial nerve centre — a position buttressed by superior infrastructure, stronger logistics, easier administrative access, more reliable energy supply and a dense ecosystem of service providers that continue to tilt investor decisions toward the capital.
Only 12 projects were recorded outside Greater Accra, spread thinly across the Western, Ashanti, Bono East, Eastern and Savannah regions.
The distribution highlights only marginal progress in Ghana’s long-standing push for more geographically balanced investment, despite a series of government incentives targeted at regional industrialisation.
It also raises critical questions about the effectiveness of regional development strategies and investment dispersal policies.
Foreign direct investment into Ghana reached US$378 million in Q3 2025, with the GIPC reporting that foreign capital accounted for US$377.63 million of total estimated investments.
In contrast, Ghanaian investors contributed just US$2.62 million, underscoring the country’s continued reliance on foreign funding for large-scale industrial and services projects.
Of the 53 registered projects, 41 were wholly foreign-owned, valued at US$371.18 million — representing more than 77% of all project commitments.
The remaining 12 were joint ventures worth US$6.45 million. Initial capital transfers for the period totalled US$13.06 million.
Manufacturing maintained its status as the primary magnet for new capital, accounting for 34 out of 53 projects far outpacing services (11), agriculture (3), general trade (2), and building & construction, export trade and tourism, which recorded one project each.
In value terms, manufacturing secured US$332.74 million, making it the most capital-intensive sector for the quarter. General trade followed with US$21 million, while export trade recorded US$12 million.