Ghana has been ranked as the 6th most attractive country for investment in Africa in 2024, according to the ‘Where to Invest in Africa 2024’ report by Rand Merchant Bank (RMB). The country earned an overall score of 0.24, which represents its strong potential as an investment destination.
Ghana ranked 9th with a score of 0.549 in areas like innovation, highlighting the country’s progress in fostering technology and creative sectors that could drive further economic growth.
With a score of 0.935, Ghana placed 5th in growth structure, indicating a solid economic foundation and expansion capacity across key sectors, making it appealing for both local and foreign investors.
Ranking 6th with a score of 0.27, Ghana’s economic stability and investment climate demonstrate a relatively favorable business environment that balances growth opportunities and regulatory reliability.
Ghana placed 10th in urbanisation with a score of 0.553. This reflects ongoing efforts to improve urban infrastructure and development, although challenges remain in fully leveraging urban growth to enhance investment prospects.
The country’s 6th place ranking in connectedness (score 0.850) points to advancements in infrastructure, connectivity, and trade integration, positioning Ghana as a hub for regional and international partnerships.
Ghana’s ranking of 26th in complexity indicates areas for improvement, particularly regarding regulatory frameworks, ease of doing business, and addressing structural challenges that may hinder business growth. Ghana’s high ranking among Africa’s top investment destinations underscores its potential as a business-friendly nation with an expanding market, growing innovation capacity, and a stable investment climate.Key sectors such as technology, infrastructure, trade, and growth industries offer substantial opportunities for investors.
Addressing challenges related to complexity, urbanisation, and certain regulatory issues can further enhance Ghana’s attractiveness, ensuring sustained investment inflows and long-term economic growth.
On top of the ranks in Africa is Seychelles, which came first with a score of 0.72%, followed by Mauritius (0.69) in 2nd position and Egypt (0.49) in 3rd. In 4th and 5th positions were South Africa (0.33) and Morocco (0.30).
