Ghana Records $2.6bn in FDI Inflows as China Leads Project Count

Ghana recorded estimated foreign direct investment (FDI) inflows of US$2.61 billion in 2025 across 253 projects and existing companies, according to the latest provisional data from the Ghana Investment Promotion Centre (GIPC).

The 2025 figures significantly exceed the US$652 million recorded in 2024, reflecting renewed investor confidence in the economy following improvements in inflation and currency stability during the review period.

The data, compiled from the Ghana Investment Promotion Centre, Petroleum Commission, and Ghana Free Zones Authority, show that new projects registered under the GIPC accounted for the largest share of inflows, contributing US$1.437 billion from 180 projects.

Existing upstream petroleum companies recorded investments worth US$994 million, while new investments under the Free Zones Authority contributed US$165 million. Additional equity inflows into existing firms stood at US$14 million.

The report also highlighted strong reinvestment activity by companies already operating in Ghana.

Out of the US$1.92 billion captured by the Bank of Ghana, approximately US$1.83 billion came from reinvested earnings, suggesting that many firms are retaining profits in Ghana and expanding operations rather than withdrawing from the market.

China emerged as the leading source country by project count, accounting for 70 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.

Commenting on the figures, Chief Executive Officer of the Ghana Investment Promotion Centre, Simon Madjie, said Ghana remains open for business and continues to position itself as a preferred investment gateway for Africa.

“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,” he stated.

“Our objective is not to compete. Our objective is to position Ghana as the favourable place for people to do business and there are a lot of things that are going well for us,” he added.

The figures indicate continued foreign investor confidence in Ghana at a time when many local businesses are also beginning to express renewed optimism about the economy despite concerns over energy tariffs and broader operational costs.