The government is seeking to convert nearly US$12 billion in announced and pipeline investments identified in the 2025 Annual Investment Report into operational businesses, increased production and jobs.
Trade, Agribusiness and Industry Minister Elizabeth Ofosu-Adjare said Ghana’s investment drive must move beyond attracting capital to ensuring that investments translate into measurable economic benefits. She made the remarks at the launch of the 2025 Annual Investment Report by the Ghana Investment Promotion Authority (GIPC), in collaboration with the Bank of Ghana, the Petroleum Commission and the Ghana Free Zones Authority .
“Are they expanding our productive capacity, creating opportunities for Ghanaian enterprises, strengthening value chains and opening new markets for what we produce?” she asked .
Beyond Capital Attraction
Ghana recorded about US$2.6 billion in foreign direct investment (FDI) in 2025, covering more than 250 new projects and existing companies, with significant reinvestment by businesses already operating in the country . Minister Ofosu-Adjare said the continued commitment of existing investors reflected confidence in Ghana’s economic prospects. However, she stressed that the government’s priority was to translate that confidence into stronger businesses, deeper value chains and sustainable economic growth.
The report identifies close to $12 billion in announced and pipeline investments across sectors including manufacturing, agriculture, mining, energy, technology, tourism and infrastructure .
Strategic Sectors for Industrialisation
Ofosu-Adjare identified agribusiness as a key sector where investment could generate wider economic benefits, particularly through the local processing of agricultural produce. Increased local processing would retain more value in the economy while creating opportunities in packaging, transportation, warehousing, distribution and exports .
Beyond agriculture, the government is prioritising strategic sectors including textiles and garments, pharmaceuticals, automotive manufacturing and components, and agro-processing to strengthen Ghana’s industrial capacity .
Macroeconomic Stability Fuels Investor Confidence
Bank of Ghana Governor Dr Johnson Pandit Asiama welcomed the findings of the report at the launch event, describing it as a reflection of renewed 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 .
He attributed the improved investment climate to significant progress in Ghana’s macroeconomic recovery. Headline inflation, which rose above 54% at the height of the economic difficulties, declined to 4.6% in July 2026, supported by disciplined monetary policy and structural reforms under Ghana’s IMF-supported programme . The cedi has also recorded a significant recovery against major international currencies, while external reserves have strengthened .
Dr Asiama also pointed to growing confidence among Ghanaian businesses, highlighting the registration of 71 wholly Ghanaian-owned projects valued at nearly US$686 million in 2025 .
Legislative Reforms to Improve Business Environment
The Minister said attracting long-term capital would require a business environment supported by reliable infrastructure, access to finance, skilled labour, regulatory certainty and responsive public institutions. She disclosed that government was pursuing legislative reforms to improve the investment environment .
The Ghana Investment Promotion Authority Bill is expected to strengthen investment facilitation and modernise the country’s approach to supporting investors as competition for global capital intensifies . The Ministry is also working towards the passage of the Business Regulatory Reform Bill, which is expected to provide a framework for reviewing business regulations and improve consultation between government and the private sector .
AfCFTA Opportunities and Responsibilities
On regional trade opportunities, Ofosu-Adjare said Ghana’s competitiveness under the African Continental Free Trade Area (AfCFTA) would depend on the ability of businesses to produce efficiently, meet quality standards and supply markets across Africa . Ghana hosts the AfCFTA Secretariat, positioning the country as a gateway to a market of over 1.4 billion people .
She encouraged investors operating in Ghana to build stronger relationships with local suppliers, increase their use of locally produced inputs and support skills development among young Ghanaians .
Measuring Investment Success
The Minister said the ultimate measure of investment success should be the economic footprint created by the investments. “Investment should leave a visible economic footprint in Ghana through expanded production, stronger local enterprises, productive jobs and greater access to regional and international markets,” she stated .
The GIPC 2025 Annual Investment Report was launched at the Bank of Ghana on August 21, 2026, with a memorandum of understanding also signed between GIPC and Oxford Business Group to collaborate on a global investment campaign for Ghana .
