Ghana’s economy has demonstrated notable resilience in 2024, recording modest GDP growth despite a challenging global investment climate, according to insights from the Ghana Investment Promotion Centre (GIPC).
In its fourth-quarter investment report, the GIPC registered 140 projects, an 11.48% increase from the 126 projects recorded in 2023. This growth signals sustained investor confidence in Ghana’s business environment, even as global economic uncertainties persist.
However, the report revealed a slight dip in Foreign Direct Investment (FDI) inflows, which fell by 5% from $649.58 million in 2023 to $617.61 million in 2024.
The decline mirrors global economic headwinds that have affected investment decisions worldwide.
Also, the manufacturing sector recorded the highest number of projects, with 66 registrations, highlighting Ghana’s growing reputation as a regional manufacturing hub.
Meanwhile, the services sector attracted the highest FDI value, totaling $281.56 million, reinforcing its critical role in the country’s economic growth.
The GIPC noted that its focus on priority sectors, including manufacturing, services, and agriculture aligned with the government’s broader economic development strategy.
By strengthening policy frameworks and enhancing investment incentives, the Centre aims to maintain investor interest and foster economic expansion.
Despite the dip in FDI inflows, experts remained optimistic that targeted policy interventions and ongoing economic reforms will increase future investments.
The GIPC is committed to creating a business-friendly environment that attracts sustainable investments, enabling Ghana to further solidify its position as a key investment destination in Africa.
