Nigerian investors injected a total of US$103.61 million into the Ghanaian economy in the first three quarters of 2025, according to new data released by the Ghana Investment Promotion Centre (GIPC).
The figures point to a strong and growing Nigerian investment footprint in Ghana, driven largely by a significant surge in capital inflows during the second quarter of the year.
In the first quarter (January to March), Nigerian investment activity was relatively subdued, with only three projects registered at a combined value of US$0.60 million, placing Nigeria well behind traditional leading sources of investment such as China.
However, the trend shifted dramatically in the second quarter. Between April and June, Nigerian investors registered five projects valued at an estimated US$102.01 million. This single-quarter performance propelled Nigeria to the top of Ghana’s investment value rankings, surpassing all other source countries, including China and the United Arab Emirates.
Investment activity moderated in the third quarter (July to September), with one additional project registered at a value of US$1.00 million.
This brought total Nigerian investment inflows for the nine-month period to US$103.61 million.
The GIPC data suggests that Nigerian participation in Ghana’s economy is increasingly shifting beyond trade and retail into higher-value, capital-intensive investments.
Analysts say the trend reflects growing investor confidence in Ghana’s investment climate and highlights Nigeria’s expanding role as a key regional source of foreign direct investment.
Source: 3news
