China remained leading investment destination of FDIs into Ghana in 2023 – Report

China remained the leading investment destination of Foreign Direct Investments into Ghana with 31 projects in 2023.

It contributed the highest FDI of $211.89 million.

The USA followed with 14 projects, bringing in $26.39 million in FDI.

India contributed 13 projects and $77.93 million in FDI, while the Netherlands added nine projects with an FDI value of $21.86 million.

Turkey registered four projects with a significant FDI value of $173.27 million.

Mauritius remained largest source of investments from Africa

Mauritius remained the leading source of investments in Ghana from the African continent in 2023.

Despite a 63% decline in the volume of investment deals, the investment value from Mauritius surged by approximately 891%, making it the only African country among the top investors in Ghana for the year.

Notable Projects.

Notable investment projects in 2023 include Arsan Ghana Ltd, a Turkish company investing $156.05 million in affordable housing; Cimpor Ghana Limited, a Portuguese firm with a $53.42 million investment in calcined clay cement and SEC Minerals Ltd, a foreign-owned gold mining company with a $50 million investment.

Additionally, Bright Cement Ghana Ltd, a Chinese cement manufacturer, invested $40.65 million, while Fuxing Industries Ghana Ltd, also Chinese-owned, committed $38.87 million to steel structure manufacturing.