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
Access Bank announces blood donation drive to support Sickle Cell
08:09Huudu Yahya chairs NPA board
15:34Fuel prices set to surge in next pricing window – OMCs CEO warns
12:12AMA Executive Committee endorses Mayor’s bold development agenda for Accra
11:26Africa’s economic integration takes centre stage at Malabo Leaders’ Breakfast
10:23PAG demands immediate reversal of Tullow-Kosmos license extension deal
06:37E/R: Sand and Stone workers appeal to gov't to clamp down on Illegal sand winning
14:55ECG disconnects power supply to GBC over unpaid bills
14:22GEPA CEO highlights horticulture as key to Ghana’s export and rural development at 2025 Expo
14:17Budget must guide union agitations-GFL to unionists
11:12