Ghana attracted GHS 39.5 billion ($2.6 billion) in foreign direct investment (FDI) in 2025. This figure represents a significant increase from the GHS 9.4 billion ($617.61 million) recorded in 2024.
Provisional data from the Ghana Investment Promotion Centre (GIPC) shows that 253 new projects and existing company investments contributed to this surge. The GIPC's new investment projects accounted for GHS 21.9 billion ($1.44 billion) of the total. Existing companies added GHS 213 million ($14 million) in new equity during the period.
This substantial rise in FDI highlights a strengthening economic outlook in Ghana. The country has been navigating a period of economic recovery and macroeconomic stability. The increased investment aligns with government efforts to transition towards industrial sovereignty, focusing on local production and job creation.
Simon Madjie, Chief Executive Officer of the GIPC, stated that the 2025 FDI numbers show a significant improvement in Ghana's investment environment. He noted that businesses have announced further commitments to invest over GHS 76 billion ($5 billion) in the country in the coming years. Mr. Madjie cited specific investment announcements from Jubilee Partners and others in the energy and artificial intelligence sectors as proof of growing investor confidence. The manufacturing sector also saw increased interest, consistent with the government's industrialisation agenda.
The increase in FDI will likely boost job creation and economic growth across multiple sectors. The GIPC expects that new legislative changes, such as the upcoming Ghana Investment Promotion Authority bill, will further enhance the investment climate. This new law aims to provide a more level playing field for both domestic and international investors by removing minimum capital requirements and introducing an investor grievance mechanism. These measures should provide greater certainty and protection for investors in Ghana.
Data compiled with the Bank of Ghana (BoG), Petroleum Commission, and Ghana Free Zones Authority shows the Cayman Islands led with GHS 7.6 billion ($500 million) in FDI by value. China followed closely with GHS 7.4 billion ($486 million). Nigeria contributed GHS 1.6 billion ($105 million), while France and Nigeria jointly invested GHS 1.5 billion ($100 million). The United States of America's FDI stood at GHS 777 million ($51 million) in 2025.
By project numbers, China topped the list with 70 projects. India secured 22 projects, Nigeria 10, the United Arab Emirates nine, and the United Kingdom eight. The Petroleum Commission’s new capital investments reached GHS 15 billion ($994 million) from 18 projects. The Ghana Free Zones Authority recorded GHS 2.5 billion ($165 million) in new capital investments from 42 projects. These diverse sources of investment highlight Ghana's broad appeal to international capital.
Mr. Madjie stressed the importance of Ghana's economic recovery narrative in attracting foreign capital. He urged the media to help project Ghana's story of macroeconomic stability and progressive investment laws. He believes this consistent and confident narrative is crucial for attracting the capital needed for Ghana's next phase of growth.