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.