The Ghana Investment Promotion Centre (GIPC) projects that 18,748 jobs will be created by foreign direct investment (FDI) projects registered in 2025, once these ventures become fully operational.
According to the 2025 Annual Investment Report launched at the Bank of Ghana, the anticipated employment opportunities will stem from 254 new investment projects registered during the year. Ghanaians are expected to secure 90.3% of the projected jobs, with non-Ghanaians accounting for the remaining 9.7% .
Investment Performance in 2025
Ghana recorded US652 million recorded in 2024, signalling renewed investor confidence in the country’s economic prospects . The investments covered 245 new projects and existing companies, with new investment projects accounting for the majority of inflows.
Bank of Ghana Governor Dr Johnson Pandit Asiama, who delivered the opening remarks at the report launch, described the performance as evidence of improved investor confidence in Ghana’s economic trajectory.
“Investment, at its core, follows confidence. Investors seek environments where policies are credible, institutions are dependable, and economic conditions are predictable,” Dr Asiama said .
Economic Recovery and Macroeconomic Stability
The Governor attributed the renewed investor confidence to significant improvements in Ghana’s macroeconomic environment. Headline inflation, which rose above 54% at the height of Ghana’s recent economic difficulties, has declined sharply to 4.6% as of July 2026, supported by disciplined monetary policy, fiscal consolidation and structural reforms under Ghana’s IMF-supported programme .
The cedi has also recorded a significant recovery against major international currencies, while Ghana’s external reserves have strengthened. Economic activity has gained momentum across various sectors, with growth becoming increasingly broad-based on the back of improvements in services and agriculture, alongside a gradual recovery in industry .
Reinvestment Signals Strong Confidence
One of the report’s most significant findings is the strong reinvestment activity by companies already operating in Ghana. Out of the US1.83 billion came from reinvested earnings, indicating that existing firms are retaining profits and expanding operations rather than exiting the market .
This represents a 95.4% reinvestment rate, demonstrating deep confidence from investors already established in the country.
Sectoral Breakdown and Investment Patterns
Manufacturing emerged as the most active sector by project count, recording 99 projects, reaffirming Ghana’s ambition to become a regional industrial and production hub. By investment value, however, Mining Services topped the rankings, attracting US368.71 million across its 99 projects, while the Services sector attracted US$306.36 million from 43 projects .
Significant capital injections were also recorded in the petroleum and free zones sectors, with existing upstream petroleum companies accounting for US165 million .
Source Countries: China Leads by Projects, Cayman Islands by Value
China topped the list of countries by number of projects with 70 registered projects, followed by India with 22 projects, Nigeria with 10, the UAE with nine and the United Kingdom with eight .
In terms of investment value, however, the Cayman Islands led with US486 million. Nigeria contributed US100 million. The United States followed with US$51 million .
Regional Distribution
The Greater Accra Region recorded the highest number of projects with 143, valued at US15.99 million, while the Western Region attracted US241.50 million .
Dr Asiama welcomed the increasing spread of investment beyond Greater Accra, noting that a more geographically balanced investment landscape would be essential to ensuring that economic opportunities are inclusive and benefit communities across the country .
Ownership Structure
The report shows that 70.72% of the registered projects were wholly foreign-owned, while 29.28% were joint ventures. Additionally, the report recorded US$816.05 million in wholly Ghanaian-owned investments, demonstrating growing domestic participation in economic transformation .
The Governor highlighted this as a positive trend, noting that the registration of 71 wholly Ghanaian-owned projects valued at nearly US$686 million demonstrated that domestic investors continued to believe in Ghana’s long-term economic potential .
Massive Pipeline Signals Future Growth
One of the most significant highlights of the report is the country’s expanding investment pipeline. The GIPC tracked approximately US$11.48 billion in announced and pipeline investments spanning sectors including manufacturing, agriculture, mining, energy, technology, tourism and infrastructure .
Among the headline commitments are a US2 billion agreement relating to the Jubilee and TEN oil fields, and a landmark US$1 billion Ghana-UAE Artificial Intelligence Hub agreement .
Government’s Focus on Production and Jobs
Trade, Agribusiness and Industry Minister Elizabeth Ofosu-Adjare stressed that the government wants foreign investment to translate into more production and jobs rather than just capital inflows.
“Are they expanding our productive capacity, creating opportunities for Ghanaian enterprises, strengthening value chains and opening new markets for what we produce?” the minister asked, framing the questions that should now guide how government judges investment success .
The report also identifies close to $12 billion in announced and pipeline investments, a pool of potential capital the minister said government wants to see converted into operating businesses, production and jobs .
Positive Outlook for 2026 and Beyond
Looking ahead, the report projects a sustained upward trajectory in investment inflows. The GIPC is projecting FDI to reach US3.1 billion in 2027, before moderating to US$2.38 billion in 2028, an election year .
The outlook is supported by anticipated growth in strategic sectors including renewable energy, manufacturing, agribusiness, digital services, tourism and logistics, alongside ongoing reforms aimed at improving the investment climate. The economy expanded by an estimated 6.0% in 2025, providing a stable macroeconomic environment for investors .
Opportunities for Future Investment
Dr Asiama noted that Ghana is well positioned to attract further investment, particularly because of its role as host of the Secretariat of the African Continental Free Trade Area (AfCFTA). He identified agro-processing, manufacturing, energy and ICT among the established sectors offering opportunities, while value-added mining, electric mobility and the regulated digital economy represent emerging areas for investment .
However, the Governor cautioned that Ghana must continue addressing infrastructure gaps, the cost of capital, productivity and the competitiveness of local enterprises to sustain the progress made.
“Ultimately, our success will not be measured by the value of investments announced, but by the extent to which they improve productivity, expand employment opportunities, raise incomes, and enhance the standard of living of the Ghanaian people,” Dr Asiama said .
At the launch event, the GIPC also signed a memorandum of understanding with Oxford Business Group to collaborate on a global investment campaign for Ghana .
