The Greater Accra Region continued to consolidate its position as Ghana’s leading investment hub in 2024, attracting 115 out of the 140 registered projects nationwide, the Ghana Investment Promotion Centre (GIPC) has revealed.
The Ashanti Region followed with 10 projects, while the Eastern, Central, and Western regions registered six, four, and two projects respectively.
The figures underscore Accra’s dominance in attracting investment, largely due to its concentration of corporate headquarters, proximity to government institutions, and relatively better infrastructure compared to other regions.
China remained the single largest contributor by number of projects, recording 49 initiatives across various sectors. However, the Netherlands led in terms of Foreign Direct Investment (FDI) value, injecting approximately US$265.33 million into the Ghanaian economy.
From January to December 2024, 26 companies added equity worth US$34.67 million. Domestic participation was also notable, with 54 wholly Ghanaian-owned projects registered at a combined value of US$1.36 billion.
These investments spanned key growth areas such as building and construction, manufacturing, export trade, tourism, general trade, and services.
In addition to new projects, 694 companies renewed their registration with the GIPC in 2024. The GIPC Act 865 requires all companies to renew their certificates every two years. Out of the renewals, 455 were wholly foreign-owned firms, 165 were joint ventures involving local partners, and 74 were wholly Ghanaian businesses.
Importantly, the high concentration of projects in Greater Accra highlights the need for deliberate policy measures to spread investment more evenly across the regions, particularly to areas with untapped agricultural and industrial potential.
Regional investment diversification, they argue, would support Ghana’s broader goals under the Ghana Beyond Aid agenda and the African Continental Free Trade Area (AfCFTA).
Despite the concentration in Accra, the strong performance of wholly Ghanaian-owned projects in 2024 reflects growing local investor confidence.
GIPC has emphasized that attracting more domestic investment, alongside FDI, is critical to boosting job creation, increasing value addition, and strengthening Ghana’s resilience against global economic shocks.
The GIPC says it is stepping up regional investment promotion to attract projects outside Accra and Kumasi, particularly in agribusiness, renewable energy, and industrial processing.
The Centre has also committed to strengthening investor aftercare services to ensure sustainability and expansion of existing projects.
