Ghana receives 279 FDI projects valued at $2.7bn amid Covid-19 pandemic

Ghana received a total of 279 Foreign Direct Investment (FDI) projects valued at $2.7 billion in 2020 despite the COVID-19 pandemic.

The investments recorded in 2020 have prospects of generating a minimum of 27,110 jobs with operations at full capacity.

This was contained in the 2020 GIPC FDI report.

In the year under review, Ghana recorded among others, significant projects by Toyota Tsusho, Sentuo Oil Refinery, One Rand Group and African Underground Mining Services.

In addition, there was also a total of 52 wholly Ghanaian-owned projects registered for the year with investment amount of 250.68 million dollars, Information Minister, Kojo Oppong Nkrumah announced this during a media briefing in Accra.

Mr. Oppong Nkrumah noted that last year’s FDI saw about 140 percent increase in investment over 2019 because of sound monetary and fiscal policies and expansion of the country’s economic space. He said 184 of the projects will go into services, 57 to the manufacturing sector, 15 to export trading, and 10 to general trading.

Story by Mabel Adorkor Annang.

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