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Business & Economy

Eastern Region Draws $1.9 Billion in Local Projects– Simon Madjie

GIPC chief highlights infrastructure, industrial pipeline as catalysts for new capital inflows

Government Woos Ghanaians in the Diaspora to Invest in the Country’s Cannabis Industry
Simon Madjie
Isaac Kofi Tsoenamawu
Apr 5, 2026

The Eastern Region has emerged as a key destination for both domestic and foreign investment, with more than $1.9 billion committed to locally owned projects over the past three decades, according to the head of the Ghana Investment Promotion Centre (GIPC).

Chief Executive Officer Simon Madjie said the region recorded 44 wholly Ghanaian-owned projects valued at over $1.9 billion between 1994 and December 2025, spanning sectors including agriculture, manufacturing, services, tourism, construction and trade. That compares with 164 foreign-backed projects across similar industries, alongside export and liaison activities.

Eastern Region Draws $1.9 Billion in Local Projects– Simon Madjie

Speaking at the Kwahu Business Forum, Madjie said the region continues to attract investor interest due to its expanding industrial base and improving infrastructure, positioning it as a strategic hub for agribusiness, logistics and tourism development.

He mentioned a pipeline of large-scale projects aimed at deepening value addition and strengthening supply chains, including a proposed national poultry and feed corridor, the Kwahu Cassava Agro-Industrial Park and a pharmaceutical manufacturing cluster near Akabusi. Ongoing initiatives such as aquaculture development on the Volta Lake and the expansion of Nobi Agriculture were also cited as evidence of growing private-sector activity.

Madjie said infrastructure upgrades are expected to play a critical role in sustaining momentum. The planned 198.7-kilometre Accra-Kumasi Expressway, which will pass through key towns in the region, is projected to reduce travel times and improve cargo movement, while the modernisation of the Eastern Railway Line is set to enhance freight connectivity.

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Eastern Region Draws $1.9 Billion in Local Projects– Simon Madjie

He noted that these developments will significantly strengthen logistics efficiency and support the growth of small and medium-sized enterprises. 

The GIPC chief added that the agency is focused on providing end-to-end support for investors, with an emphasis on transparency and predictability in the business environment, as Ghana seeks to attract more capital into priority sectors.

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