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.
Latest Stories
-
GIRSAL gives 17 financial institutions GH¢1.18bn loans – Governor
3 mins -
UG hosts Africa University Network workshop on conflict management through sports
6 mins -
Playing with Andre Ayew a big honour – Elisha Owusu
28 mins -
GMWU mounts pressure on Ministry of Lands and Natural Resources to terminate license of FGR
40 mins -
Address smuggling of canned and PET packaged beverages into Ghana – GRA told
54 mins -
Roma sack Daniele De Rossi after four games of season
54 mins -
SA star sees success under Maxwell Konadu’s guidance
59 mins -
Tomatoes in Season: A Nutritional, Economic, and Food Security Asset in Ghana
1 hour -
BoG directs banks to submit strategies aimed at reducing financial fraud
1 hour -
Prostate Health and Nutrition: How Local Foods Can Help
2 hours -
500,000 Herbalists unlicensed – Regulatory Council begins clampdown
2 hours -
Scotland agrees to host Commonwealth Games in 2026
3 hours -
Full Text: NDC’s petition to EC after demo over voter’s register
3 hours -
Dear Osagyefo God, can I talk to you about my country?
3 hours -
Eddie Nketiah scores first Palace goal in win over QPR
3 hours