Joint venture projects between Ghanaians and foreigners valued at $4.78m in Q1 2024
The Ghana Investment Promotion Centre (GIPC) in the first quarter of 2024, reported a dynamic influx of investment activity.
The GIPC notes that joint venture projects between Ghanaians and foreign counterparts totaled eight amounting to an estimated $4.78 million in investment.
This data is detailed in the GIPC’s Q1 2024 Foreign Direct Investment report.
The Centre noted a substantial $123 million in foreign direct investment (FDI) across 32 registered projects within the same period.
Notably, 75% or 24 projects out of the 32 projects were wholly foreign-owned, highlighting the continued confidence of international investors in Ghana’s economic potential.
Additionally, the period saw eight wholly Ghanaian-owned projects valued at a combined $13.49 million.
Sector-wise, the manufacturing sector led with 12 projects, followed by services with nine. General trading accounted for four projects, while export trading and building and construction each secured two projects. The tourism, liaison, and agriculture sectors each recorded one project.
The liaison sector was the highest FDI recipient, attracting $76.30 million, emphasizing its strategic importance. The manufacturing sector followed with $31.69 million, reinforcing its pivotal role in economic development.
Overall, these investments are projected to create approximately 3,602 jobs, significantly enhancing employment prospects in Ghana.
