Ghana is enjoying a hyper rebound in foreign investor confidence, with Foreign Direct Investment (FDI) surging by 381.9% in the first half of 2025 compared to the same period last year, according to data released by the Ghana Investment Promotion Centre (GIPC) last week.
The country attracted 76 new projects valued at US$862.96 million between January and June 2025, a significant jump from US$179.07 million in the first half of 2024.
The surge underscores renewed optimism in Ghana’s economic outlook amid ongoing reforms to stabilise the macroeconomic environment and improve the investment climate. Importantly it debunks the claims of the incumbent government’s critics that some of its highly publicized recent run-ins with notable foreign firms, such as DSTV and Goldfields Ghana, is discouraging new foreign direct investment .
Indeed, President John Dramani Mahama has shown his government’s commitment to attracting FDI by his announcement last month in Japan, that the minimum capital requirements for Foreign Direct Investment will be scrapped as part of a review of the foreign investment framework. GIPC itself as adopted a flagship initiative, launched in July 2025, the Investment Opportunities Mapping Project (IOMP), a potentially transformative national initiative designed to identify and promote viable investment opportunities across Ghana’s 261 districts.
This initiative, developed in collaboration with the Ministry of Trade, Agribusiness, and Industry (MOTAI), and the Ghana Export Promotion Authority (GEPA) aims to unlock new economic growth and promote fair development across the country, in order to correct the long standing overconcentration of FDI projects in the Greater Accra, Ashanti and Western Regions.
The manufacturing sector dominated with regards to project numbers for the first half of 2025, accounting for 32 new investments, while general trading led in terms of value with US$622.92 million worth of capital commitments.
Once fully operational, the new projects are expected to create over 4,700 jobs across various sectors of the economy.
China emerged as Ghana’s largest investment partner, spearheading inflows with 22 projects during the period. It was followed by India (14 projects), Nigeria (8), and the UAE and UK (4 each).
The United States ranked sixth with three projects, while Liberia, Mauritius, Singapore and Turkey each recorded two projects.
Ghana’s improving policy environment, strategic location, and targeted investment promotion efforts are reinforcing its position as a leading destination for capital in West Africa.
The sharp uptick in FDI is also expected to boost growth in manufacturing, trade and job creation, further supporting the government’s medium-term economic recovery agenda.
By Adnan Adams Mohammed
