Ghana recorded estimated foreign direct investment inflows of US$2.61 billion in 2025 across 253 projects and existing companies, according to provisional figures released by the Ghana Investment Promotion Centre.
The latest figures represent a sharp increase from the US$652 million recorded in 2024, highlighting renewed investor confidence in Ghana’s economy following improvements in inflation, exchange-rate stability and broader macroeconomic conditions.
Commenting on the figures, Chief Executive Officer of the Ghana Investment Promotion Centre, Simon Madjie, said Ghana continues to position itself as a preferred investment destination and a strategic commercial hub for the African continent.
“We are open for foreign direct investment and we are even more open for foreign direct investment from Africa because we have the AfCFTA.
“We are the commercial hub for the continent. Our objective is to position Ghana as the favourable place for people to do business.” - Simon Madjie
New Projects Drive Investment Surge
The data, compiled from the Ghana Investment Promotion Centre, Petroleum Commission and Ghana Free Zones Authority, showed that newly registered projects under the GIPC accounted for the largest share of inflows.
New GIPC-registered projects attracted US$1.437 billion from 180 projects, while existing upstream petroleum companies accounted for US$994 million in investment inflows.
New investments under the Ghana Free Zones Authority contributed US$165 million, while additional equity inflows into existing firms stood at US$14 million.
The figures also point to strong reinvestment activity among companies already operating in Ghana.
According to the data, out of the US$1.92 billion captured by the Bank of Ghana, approximately US$1.83 billion came from reinvested earnings, suggesting that firms are retaining profits and expanding operations locally rather than withdrawing from the market.
China Leads by Number of Projects
By project count, China emerged as the leading source country with 70 registered projects.
India followed with 22 projects, while Nigeria recorded 10 projects. The United Arab Emirates and the United Kingdom registered nine and eight projects respectively.
However, by investment value, the Cayman Islands ranked first with US$500 million, narrowly ahead of China at US$486 million.
Nigeria contributed US$105 million in investment value, while France-Nigeria partnerships accounted for US$100 million. The United States followed with US$51 million.
Analysts say the strong inflow figures reflect improving investor sentiment toward Ghana despite lingering concerns about energy costs, operational expenses and broader business environment challenges.
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