"Spain Emerges Ghana’s Top Investor for First Half of 2024"

" China Emerges Ghana's Top Investor for First Half of 2024 \r\n\r\nSpain, for the first half of this year, emerged as the topmost investor in Ghana's economy.\r\n\r\nPer the Ghana Investment Promotion Center\u2019s (GIPC) Second Quarter 2024 Investment Report, some $76.4 million in foreign direct investment (FDI) value was attracted into the country by Spanish investors.\r\n\r\nFollowing Spain as the next biggest investor in the country was China, with an FDI value of $36.1 million.\r\n\r\nMeanwhile, China, with 26 registered projects, emerged as the leading source of investments for Ghana for the first half of 2024.\r\n\r\nCountries such as the US, UK, and India, each recorded 5 registered projects in the country within the period under review.\r\n\r\n \r\n\r\nAccording to the GIPC Second Quarter 2024 Investment Report, Ghana attracted a total foreign direct investment value of $179.07 million for the first half of 2024.\r\n\r\nThe total investment includes a local investment component of $7.09 million and initial transfer inflows of $17.73 million, underscoring significant international and local investor interest in Ghana\u2019s economy.\r\n\r\nThe report reveals that these investments, spanning various sectors, are projected to create approximately 8,524 jobs when fully operational.\r\n\r\nThe sectors targeted for these investments include Agriculture, Building and Construction, Export and General Trade, Liaison, Manufacturing, Service, and Tourism, with a total of 69 projects registered within the period.\r\n\r\nOut of the 69 projects, 53 were wholly foreign-owned, representing 76.8% of the total projects.\r\n\r\nMeanwhile, the remaining 16 projects were joint ventures between Ghanaian and foreign investors, accounting for 23.2% of the projects with an estimated investment value of $8.37 million.\r\n \r\n \r\n \r\n The manufacturing sector led by 29 projects, reflecting the country\u2019s industrial growth potential. This was followed by the Services sector with 19 projects, General Trading with 11, and Building and Construction and Export Trade each registering three projects. \r\n \r\n The tourism sector saw two projects, while the agriculture and liaison sectors recorded one project. \r\n \r\n \r\n Among all the sectors, the Liaison sector registered the highest FDI value at $76.3 million, followed by Manufacturing with $62.16 million, and General Trading at $20.99 million. These sectors continue to be strategic areas for FDI due to their economic impact and growth potential. \r\n \r\n "

"Spain Emerges Ghana’s Top Investor for First Half of 2024"

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