The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Simon Madjie, has called on Chinese investors to diversify their portfolios by tapping into Ghana’s vast investment potential across energy, infrastructure, agro-processing, and manufacturing sectors.
Speaking during the Ghana-China Business Summit in Accra, Mr. Madjie positioned Ghana as a gateway to West Africa, offering attractive returns under a stable policy environment.
The summit, themed “The Big Push”, forms part of Ghana’s strategic push to attract long-term capital for industrial transformation. It brought together over 120 Chinese investors and delegates.
Mr. Madjie underscored the country’s readiness for high-impact investment in areas such as electric vehicles (EVs), tractor assembly plants, packaging facilities, industrial parks, and agro-ecological zones. These areas, he said, align strongly with Ghana’s 24-Hour Economy policy aimed at accelerating industrialization and job creation.
In the energy sector, Mr. Madjie said Ghana’s current installed power capacity stands at 24,260 megawatts, with 27 power plants and crude oil output reaching 48.25 million barrels annually.
He noted growing opportunities in private electricity distribution, wind turbine projects along the coast, off-grid power solutions, and new entities focused on energy transmission.
He also highlighted strategic investment avenues in solar refrigeration and upstream petroleum, citing a new agreement with Jubilee Partners to drill 20 additional oil wells.
Furthermore, Ghana is actively pursuing a $60-billion petroleum hub project that includes three refineries, five petrochemical plants, and 10 million cubic metres of storage capacity. There is also a $745 million funding requirement for the Ghana Gas pipeline extension from Takoradi to Tema and across the border to Côte d’Ivoire.
The manufacturing and mining sectors also hold significant promise, he added. The Ghana Integrated Aluminium Development Corporation is seeking $1.5 billion, while the Ghana Integrated Iron and Steel Development Corporation has opened nine iron ore blocks in the Oti Region, requiring up to $40 million in exploration capital.
Mr. Madjie further outlined major infrastructure projects available for investment, including a $2 billion port development initiative and a $250 million expansion of Kotoka International Airport.
The Electricity Company of Ghana is also looking to raise $462 million to upgrade its distribution network, while the Ghana National Petroleum Corporation needs over $200 million for seismic studies and data acquisition.
Central to these efforts is the government’s $10 billion “Big Push” infrastructure programme, which aims to enhance productivity by linking transport systems to agriculture and industrial corridors. Already, GH¢13.7 million has been allocated to support initial implementation phases this year.
Addressing concerns about investment security, Mr. Madjie reassured participants that the Ghana-China Bilateral Investment Treaty of 1989 remains in effect.
With investor protections, strategic reforms, and priority sector projects in place, the GIPC believes Ghana is primed for a new era of transformative foreign direct investment.
