With several advanced and developing economies implementing the concept of Industry 4.0 which marks the Fourth Industrial Revolution, the year 2020 had great prospects.
On the global investment sphere, Africa enjoyed some of the highest global returns on Foreign Direct Investment (FDI) despite the continuous slide in global FDI flows.
Africa stood in sharp contrast to developed economies, which saw FDI inflows plunge 27% to their lowest level since 2004 (WIR).
According to UNCTAD’s World Investment Report 2020, global FDI flows could fall by as much as 40% this year and decrease by a further 5-10% next year.
FDI flows into Ghana during the second quarter of 2020 has however deviated from the global expected trend of declines, resulting in a significant increase in FDI inflows for the first half of the year.
Total investments recorded in the first half of 2020 amounted to US$869.47 million, with total FDI value amounting to US$785.62 million.
– Yofi Grant, GIPC CEO