China emerged as Ghana’s top source of investment in the first half of 2024, leading with 26 registered projects, according to a 2024 investment report by the Ghana Investment and Promotion Center
However, Spain outpaced all other countries in Foreign Direct Investment (FDI) value, contributing a significant US$76.41 million.
During this period, Ghana registered 69 projects, 53 (76.8%) wholly foreign-owned ventures, with an investment cost of US$177.79 million.
The remaining 16 projects (23.2%) were joint ventures between Ghanaians and foreign partners, bringing in an estimated US$8.37 million.
From January to June 2024, Ghana attracted a total FDI inflow of US$179.07 million, alongside a local investment component of US$7.09 million.
Initial equity transfers amounted to US$17.73 million, with 17 companies injecting an additional US$28.14 million in equity.
These investments are expected to generate over 8,500 jobs across key sectors, including Agriculture, Manufacturing, Building and Construction, Export and General Trade, Services, Liaison, and Tourism.
In the first half of 2024, Ghana registered 69 projects, with the manufacturing sector leading the way with 29 projects.
The services sector followed with 19 projects, while general trading accounted for 11 projects.
Export trade and building & construction each recorded 3 projects, tourism had 2 projects, and both liaison and agriculture registered 1 project each.
Despite having fewer projects, the liaison sector attracted the highest Foreign Direct Investment (FDI) at US$76.30 million.
The manufacturing sector came in second with US$62.16 million, followed by the general trading sector, which secured US$20.99 million in FDI.