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Ghana recorded estimated foreign direct investment (FDI) inflows of US$2.61 billion in 2025 across 253 projects and existing companies, according to provisional data from the Ghana Investment Promotion Centre (GIPC).
The 2025 inflows mark a significant jump from the US$652 million recorded in 2024, reflecting renewed investor confidence following improvements in inflationary pressures and currency stability.
New projects registered under the GIPC accounted for the largest share, contributing US$1.437 billion from 180 projects. Existing upstream petroleum companies invested US$994 million, while new investments under the Free Zones Authority added US$165 million. Additional equity inflows into existing firms amounted to US$14 million.
The data also highlights strong reinvestment activity by companies already operating in Ghana. Of the US$1.92 billion captured by the Bank of Ghana, about US$1.83 billion came from reinvested earnings, showing that firms are retaining profits and expanding operations rather than exiting the market.
By project count, China led with 70 projects, followed by India (22), Nigeria (10), UAE (9), and the UK (8). In terms of investment value, the Cayman Islands topped the list with US$500 million, closely followed by China with US$486 million. Nigeria contributed US$105 million, France-Nigeria partnerships US$100 million, and the United States US$51 million.
Commenting on the data, GIPC CEO Simon Madjie said Ghana continues to position itself as a gateway for investment on the continent.
“We are open for foreign direct investment, especially from Africa under the AfCFTA. Ghana is the commercial hub for the continent. Our objective is to position the country as a favourable place to do business,” he stated.
The figures underscore sustained foreign investor confidence in Ghana, even as local businesses show renewed optimism amid ongoing challenges such as energy tariffs and operational costs.
Story by Efua Nessa