2023: China leads foreign direct investment into Ghana

China emerged as the top destination for foreign direct investment (FDI) in Ghana in 2023, with 31 projects contributing the highest FDI value of $211.89 million.
The United States followed with 14 projects, totalling $26.39 million, while India ranked third with 13 projects and an FDI of $77.93 million.
The Netherlands and Turkey also featured prominently, with the Netherlands adding nine projects worth $21.86 million and Turkey contributing four projects with a substantial FDI value of $173.27 million.
Mauritius stood out as the leading African investor in Ghana for the year.
Despite a 63% decline in the number of investment deals, the value of investments from Mauritius surged by an impressive 891%, making it the only African country among the top investors in Ghana in 2023.
Significant investment projects in Ghana during 2023 included Arsan Ghana Ltd, a Turkish company investing $156.05 million in affordable housing; Cimpor Ghana Limited, a Portuguese firm investing $53.42 million in calcined clay cement; and SEC Minerals Ltd, a foreign-owned gold mining company, with a $50 million investment.
Additional major investments came from Chinese firms: Bright Cement Ghana Ltd, a cement manufacturer, invested $40.65 million, while Fuxing Industries Ghana Ltd, specializing in steel structure manufacturing, committed $38.87 million.
Trending Business
Free Zones Authority engages Libyan business delegation to deepen investment ties
15:49Plastic prices to increase by 7% from July 1 due to new excise tax – GPMA announces
12:01GIPC CEO backs deployment of investment officers in District Assemblies
16:16SIC Insurance PLC inaugurates new board of directors
09:25Ghana Gold Board fully implements new licensing regime to curb illegal gold trade
01:08Ghana bags $3.9bn Chinese investment in ten years- GIPC CEO hints
14:34Oti Regional Minister confirms economic shutdown in Nkwanta amid renewed tribal clashes
12:06Gov't operationalises 24-hour economy today
04:51Agric Minister secures FAO support to deepen agricultural transformation agenda
11:23CEMSE boss slams PURC over sudden 2.45% tariff hike
11:15