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Foreign direct investment (FDI) into Ghana hit US$378 million in the third quarter of 2025, with the manufacturing sector solidifying its role as the country’s top investment destination, according to new data from the Ghana Investment Promotion Centre (GIPC).
The Q3 report shows that foreign investors were responsible for nearly all new capital commitments—US$377.63 million—while Ghanaian investors contributed just US$2.62 million, reaffirming the economy’s heavy reliance on foreign capital for large-scale projects. Initial capital transfers amounted to US$13.06 million.
Investment registrations also reflected strong foreign dominance. Out of 53 projects recorded, 41 (77.36%) were wholly foreign-owned, valued at US$371.18 million. The remaining 12 projects (22.64%) were joint ventures worth US$6.45 million.
Manufacturing retained its lead position, attracting 34 of the 53 projects—far ahead of the services sector (11 projects), agriculture (3), general trade (2), and single projects in building and construction, export trade, and tourism.
In terms of value, manufacturing commanded US$332.74 million, more than ten times the next highest sector. General trade followed with US$21 million, while export trade secured US$12 million.
The Greater Accra Region continued to dominate Ghana’s investment landscape, drawing 41 projects and maintaining its status as the nucleus of commercial and industrial activity. The remaining projects were distributed sparsely across the Western, Ashanti, Bono East, Eastern, and Savannah regions, underscoring ongoing challenges in spreading investment more evenly across the country.
The Q3 data highlights three key trends: Ghana’s sustained dependence on foreign capital, manufacturing’s growing significance in the national industrialisation agenda, and the persistent underperformance of domestic investment despite improved macroeconomic conditions.
Source: Cititnews
