Ghana’s economy demonstrated strong resilience in 2024 with projected modest GDP growth despite the global uncertain investment climate.

This is according to the fourth-quarter investment report of the Ghana Investment Promotion Centre (GIPC).

Per the report, GIPC registered a total of 140 projects in 2024, marking an 11.48% increase from the 126 projects recorded in 2023.

The surge in project registrations underscores continued investor confidence in Ghana’s business environment despite global economic uncertainties.

However, the total Foreign Direct Investment (FDI) value declined by 5%, dropping from US$649.58 million in 2023 to US$617.61 million in 2024.

The decline in FDI inflows reflects broader global economic headwinds that have impacted investor decisions worldwide.

The manufacturing sector emerged as the leader in terms of project numbers, accounting for 66 registered projects.

This underscores Ghana’s increasing appeal as a manufacturing hub within the region.

Meanwhile, the services sector attracted the highest FDI value, totalling US$281.56 million, reaffirming its critical role in Ghana’s economic growth.

GIPC continues to focus on key priority sectors such as manufacturing, services, and agriculture, aligning with the government’s broader economic development agenda.

By strengthening policy frameworks and investment incentives, the Centre aims to sustain investor interest and drive economic expansion.

With Ghana’s investment landscape showing resilience, stakeholders remain optimistic that targeted policy interventions and ongoing economic reforms will further bolster FDI inflows in the coming years.

SP/EK

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