Investments made into the economy by Ghanaians for the year 2020, according to the Ghana Investment Promotion Centre (GIPC) totaled $250.68 million (Ghs 1.43 billion).
The $250.68 million total investments made by Ghanaians for the period under review was slightly above that of foreign inflows from the United Kingdom which stood at $243.17 million at end-December 2020.
These investments, GIPC notes in its Q4 investment report, are in the form of 52 wholly Ghanaian-owned registered projects with the Centre.
The projects were registered for the agriculture, building & construction, export trading, general trading, manufacturing and services sectors.
The building and construction sector alone had a total estimated investment amount of Ghs 1.3 billion.
The remaining 227 projects registered by the Centre came from China, UK, Netherlands, South Africa and Australia.
Out of the 279 projects registered, the services sector, with 184 projects, recorded the highest number of projects. It was followed by manufacturing with 57 projects. Export trading, general trading and building and construction recorded 15, 10 and 5 projects respectively.
The mining and petroleum sectors recorded 3 projects each and agriculture and liaison recorded a project each. In terms of the FDI values, the manufacturing sector recorded the largest value of $1.27 billion. This was followed by the services, mining and petroleum sectors with FDI values of $656.19 million, $424.32 million and $222.55 million respectively.
Of the 279 projects registered, 129 were newly registered projects, 131 were upstream and 19 were in free zones activities.
In terms of regional distribution of the projects registered, eight (8) regions directly benefited from the 279 projects. 231 projects, representing 82.80% of the projects registered are in the Greater Accra region.
The other regions are the Western and Ashanti regions with 31 and 7 projects respectively, Volta and Eastern regions recorded three (3) projects each, Brong Ahafo recorded two (2) and Central and Upper East recorded one (1) project each.
A total of 27,110 jobs are expected to be generated from the 279 projects registered, with operations at full capacity. 22,382 (95.46%) of these jobs would be for Ghanaians whilst the remaining 1,064 (4.54%) are expected to be taken up by non-Ghanaians per GIPC records.
Total foreign direct investment (FDI) inflows for 2020 according to the Ghana Investment Promotion Centre (GIPC), was $2.65 billion.
The inflows recorded for 2020 represents a 139 percentage points increment in FDI when compared to the $1.1 billion foreign inflows recorded for 2019.
