By Benjamin Nii Nai Anyetei
Nigerian investors legally injected a total of US$103.61 million into the Ghanaian economy during the first nine months of 2025, according to new data released by the Ghana Investment Promotion Centre (GIPC).The figures point to a strong and growing Nigerian investment presence in Ghana, largely driven by a sharp surge in capital inflows during the second quarter of the year.
Investment activity in the first quarter (January to March) was relatively low, with only three projects registered at a combined value of US$0.60 million, placing Nigeria behind traditional leading investor countries such as China.
However, the trend shifted significantly in the second quarter (April to June), when Nigerian investors registered five projects valued at an estimated US$102.01 million. This single-quarter performance pushed Nigeria to the top of Ghana’s investment value rankings, ahead of all other source countries, including China and the United Arab Emirates.
In the third quarter (July to September), investment activity slowed, with one additional project registered at a value of US$1.00 million.These inflows brought total Nigerian investments for the nine-month period to US$103.61 million.
The GIPC data suggests that Nigerian participation in Ghana’s economy is increasingly moving beyond trade and retail into higher-value, boardroom-level investments supported by substantial capital.
The trend reflects growing investor confidence in Ghana’s investment climate and underscores Nigeria’s expanding role as a key regional source of foreign direct investment.
