Large-Scale Foreign Direct Investment News

China and India Lead FDI Surge in Ghana

China emerged as the top source of Foreign Direct Investment projects in Ghana during the first half of 2025, accounting for 22 out of 76 registered projects. India followed with 14 projects, while Nigeria ranked third with 8 projects. The United Arab Emirates and United Kingdom each registered 4 projects, with the United States contributing 3 projects.

The manufacturing sector dominated in project numbers with 32 new investments, while general trading led in terms of value with $622.92 million in capital commitments. The sharp uptick in FDI reflects renewed optimism in Ghana’s economic outlook amid ongoing reforms to stabilize the macroeconomic environment.

IMF Support and Economic Stabilization Drive Investor Confidence

The surge in foreign investment comes as Ghana continues implementing structural reforms under an International Monetary Fund-supported program, including fiscal consolidation, monetary tightening, and restoration of business confidence through debt restructuring.

The IMF noted in its December 2024 report that over the coming five years, the capital and financial account is expected to gradually improve, with FDI forecast to increase to 3% of GDP by 2028 following completion of debt restructuring and gradual reform implementation.

Priority Sectors Attracting International Investment

Ghana’s priority investment areas receiving tax incentives include manufacturing, minerals and mineral processing, mining investment by indigenous Ghanaians, oil and gas operations, and infrastructure development across multiple sectors.

The services sector growth has been a major contributor to GDP, with finance and insurance expanding by 9.3% and ICT by 13.1% in the first quarter of 2025. The growth of transport and storage services at 8.6% suggests rising trade volumes and improvements in logistics crucial for commerce expansion.

World Bank and IFC Deepen Engagement in Ghana

The World Bank portfolio commitment stands at $4.97 billion covering 18 national projects and 6 regional operations. The International Finance Corporation’s current program focuses on export-led manufacturing, agribusiness, clean energy, and financial sector development.

Recent IFC initiatives include support for Mohinani’s plastics recycling to advance circular economy solutions, Sunda’s local production of affordable hygiene products, and DTRT’s apparel manufacturing, all contributing to large-scale job creation. IFC is also supporting up to 200MW of solar energy with LMI Holdings to reduce industrial power costs and advance the clean energy transition.