• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Ghana records 16% rise in FDI to $123m in Q1 2024

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
111
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

Ghana records 16% rise in FDI to $123m in Q1 2024

The Ghana Investment Promotion Centre (GIPC) has reported a substantial 16% increase in foreign direct investment (FDI) for the first quarter of 2024, totaling US$123.06 million.

This marks a significant rise from the US$106.02 million recorded in the same period last year, signaling strong investor confidence in Ghana’s economic prospects.

The influx of capital is spread across 32 registered projects, with a notable 75% being wholly foreign-owned. This includes 24 foreign-owned projects and eight wholly Ghanaian-owned projects valued at US$13.49 million. These investments are projected to create approximately 3,602 jobs, significantly boosting employment prospects.

The manufacturing sector emerged as the leading recipient, with 12 projects, followed by the services sector with nine (9). General trading accounted for four (4) projects, while export trading and building and construction each secured two (2) projects. The tourism, liaison, and agriculture sectors each recorded one project.

The liaison sector attracted the highest FDI value, amounting to US$76.30 million, reflecting its strategic importance.

The manufacturing sector followed with US$31.69 million, underscoring its role as a cornerstone for economic development.

The creation of 3,602 jobs is poised to reduce unemployment and spur economic development. The capital inflows are expected to enhance Ghana’s industrial capabilities, foster innovation, and improve the country’s competitiveness.

GIPC’s success in attracting increased FDI reflects the effectiveness of its investment promotion strategies. The continued inflow of capital into key sectors positions Ghana for sustained economic growth and stability. As these projects become operational, the resulting job creation and economic activities are anticipated to solidify Ghana’s status as an attractive destination for foreign investment.

Tags: FDIghanaGhana records 16% rise in FDI to $123m in Q1 2024GIPC
No Result
View All Result

Highlights

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

Banking Industry: Non-Performing Loans Edge Higher to GHS 20.7bn

‘The Gulf of Guinea is our Wall Street, IMF, and World Bank Combined’, Says Air Vice Marshal Hanson 

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

Trending

Banking & Finance

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

October 7, 2025

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October The Bank of Ghana...

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

October 7, 2025

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

October 7, 2025

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

October 7, 2025

Banking Industry: Non-Performing Loans Edge Higher to GHS 20.7bn

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.