FDI: Foreign Investors Inject $47.2 Billion into Ghana’s Economy in Three Decades
Foreign investors over the past three decades – since 1990 – have contributed approximately $47.2 billion to the Ghanaian economy, establishing Ghana as a significant recipient of FDI in the subregion.
This is per a statement by a consortium of reputable trade associations, including the American Chamber of Commerce in Ghana, Ghana Netherlands Business & Culture Council, Spain-Ghana Chamber of Commerce, Ghana South Africa Business Chamber, Canada-Ghana Chamber of Commerce, Japan External Trade Office, and the Chamber of Commerce & Industry, France.
The Consortium of Trade Associations in the statement noted that FDI has been instrumental in Ghana’s economic growth through job creation, tax revenue generation, increased capital flows, technology and skills transfer, export development, and infrastructure enhancement.
Given the importance of FDI to the Ghanaian economy, the Consortium of Trade Associations is set to launch a series of high-level discussions focused on the future of Foreign Direct Investment (FDI) in Ghana.
This initiative marks the beginning of a comprehensive dialogue involving various stakeholders and influential policymakers, aimed at repositioning Ghana as the premier destination for FDI in Africa. The discussions will critically analyze the policies proposed by leading political candidates to attract and retain FDI.
“This series of discussions is crucial for fostering an environment that encourages foreign investment and drives economic development in Ghana,” stated a representative from the consortium. “We are committed to engaging with policymakers and stakeholders to ensure that Ghana remains a competitive choice for investors.”
The keynote address at the inaugural event will be delivered by H.E. John Dramani Mahama, the candidate of the National Democratic Congress (NDC). He is expected to present his policy proposals aimed at attracting and retaining investment in key sectors of the Ghanaian economy.
The event will take place on Thursday, August 29, 2024, from 6:00 PM to 8:30 PM.
The Consortium of Trade Associations is dedicated to promoting economic growth and development in Ghana through strategic partnerships and collaboration.
By facilitating dialogue between the public and private sectors, the consortium aims to enhance the investment climate and drive sustainable economic progress in the country.
