spot_img

China is leading source of investment destinations in Ghana in half-year 2024.

Published on

spot_img

China emerged as Ghana’s leading source of investment in the first half of 2024, according to the Ghana Investment and Promotion Center’s (GIPC) Investment Report for the period. The Asian nation accounted for the highest number of registered projects, totaling 26. However, Spain topped the charts in terms of Foreign Direct Investment (FDI) value, contributing US$76.41 million.

In total, Ghana registered 69 projects between January and June 2024. Of these, 53 projects, or 76.8%, were fully foreign-owned, with a combined estimated investment of US$177.79 million. The remaining 16 projects, representing 23.2%, were joint ventures between Ghanaians and foreign investors, with a total investment value of US$8.37 million.

During the same period, 17 companies infused an additional US$28.14 million in equity. Overall, Ghana secured US$179.07 million in FDIs during the first half of 2024. This comprised an FDI component of US$179.07 million and a local investment component of US$7.09 million. Initial capital transfers amounted to US$17.73 million. These investments are projected to create 8,524 jobs across sectors including agriculture, manufacturing, services, construction, tourism, export trade, and general trade.

The manufacturing sector stood out, registering the highest number of projects at 29. This was followed by services with 19 projects, and general trade with 11. The export trade and building and construction sectors recorded three projects each, while tourism registered two. Liaison and agriculture sectors each recorded one project.

In terms of FDI value, the liaison sector attracted the highest investment with US$76.30 million, followed by manufacturing with US$62.16 million, and general trade with US$20.99 million.

Source: TheDotNews.

Latest articles

‘I Feel Neglected by the NPP’: Former President Kufuor Breaks Silence on Being Sidelined

Former  President John Agyekum Kufuor has spoken out about what he says is growing...

Nigeria’s Former President Muhammadu Buhari Dead

Muhammadu Buhari, Nigeria’s former president and one of the country’s most prominent military and...

Mahama Arrives in Malabo for Key African Union Summit

Ghana’s President John Dramani Mahama has arrived in Malabo to attend the 7th African...

Dr. George Kojo Owusu appointed Ag. CEO of National Ambulance Service

President John Mahama has appointed Dr. George Kojo Owusu as Acting Chief Executive Officer...

More like this

‘I Feel Neglected by the NPP’: Former President Kufuor Breaks Silence on Being Sidelined

Former  President John Agyekum Kufuor has spoken out about what he says is growing...

Nigeria’s Former President Muhammadu Buhari Dead

Muhammadu Buhari, Nigeria’s former president and one of the country’s most prominent military and...

Mahama Arrives in Malabo for Key African Union Summit

Ghana’s President John Dramani Mahama has arrived in Malabo to attend the 7th African...

Discover more from The Dot News

Subscribe now to keep reading and get access to the full archive.

Continue reading