Ghana Pulls In US$2.62bn FDI in 2025 — Massive Pipeline Positions Economy for Next Big Leap

Ghana attracted US$2.62 billion in Foreign Direct Investment (FDI) in 2025, reinforcing its position as one of Africa’s most resilient and attractive destinations for global capital despite shifting global economic conditions.

The figures are contained in the newly released 2025 Annual Investment Report, jointly compiled by the Ghana Investment Promotion Authority (GIPA), the Bank of Ghana, the Petroleum Commission, and the Ghana Free Zones Authority (GFZA). The report is themed “Resetting Ghana’s Investment Landscape for Unlocking Opportunities in a Transforming Economy.”

A total of 254 projects were registered across GIPA, GFZA and the Petroleum Commission, expected to generate 18,748 jobs when fully operational. The report also highlights US$816.05 million in wholly Ghanaian‑owned investments — a sign of rising domestic participation in the country’s economic transformation.

Bank of Ghana data showed net FDI inflows of US$1.91 billion on a Balance of Payments basis, with an extraordinary 95.4% of the inflows coming from reinvested earnings. This underscores strong confidence from existing investors who continue to expand operations rather than exit the market.

Manufacturing remained the most active sector by project count, recording 99 projects, reaffirming Ghana’s ambition to become a regional industrial hub.

By investment value, however:

• Mining Services led with US$506.61 million across 3 projects.
• Manufacturing followed with US$368.71 million across 99 projects.
• Services attracted US$306.36 million from 43 projects.

Together, these sectors accounted for the bulk of investment activity, highlighting Ghana’s expanding role in regional commerce, industrial production and digital services.

Investor interest remained broad and diversified.

• China led by project numbers with 70 projects, followed by India (22) and Nigeria (10).
• By value, the Cayman Islands topped the chart with US$500.56 million, narrowly ahead of China’s US$486.06 million.

Regionally, Greater Accra attracted 143 projects valued at US$619.37 million. Beyond the capital:

• Western Region secured US$553.99 million from 9 projects.
• Eastern Region attracted US$241.50 million from 3 projects.

This signals rising investor interest in high‑value projects outside Accra.

One of the report’s biggest highlights is Ghana’s expanding investment pipeline. GIPA tracked approximately US$11.48 billion in announced and pipeline investments across manufacturing, agriculture, mining, energy, technology, tourism and infrastructure.

Major commitments include:

• US$5 billion fertiliser plant
• US$2 billion agreement linked to the Jubilee and TEN oil fields
• US$1 billion Ghana‑UAE Artificial Intelligence Hub

These projects are expected to boost industrial capacity, create jobs and accelerate Ghana’s long‑term transformation agenda.

FDI inflows are projected to rise to US$2.80 billion in 2026 and US$3.11 billion in 2027, before moderating to US$2.38 billion in the 2028 election year.

The outlook is supported by anticipated growth in renewable energy, manufacturing, agribusiness, digital services, tourism and logistics — alongside ongoing reforms to strengthen the investment climate.

Ghana’s economy expanded by an estimated 6.0% in 2025, while headline inflation eased to 5.4% by December 2025, providing a stable macroeconomic foundation for investors.

About GIPA

The Ghana Investment Promotion Authority (GIPA), established under the GIPA Act, 2026 (1173), is mandated to encourage, promote, facilitate and regulate investments into and within Ghana, create a transparent and predictable incentive framework, and support Ghanaian investors seeking opportunities abroad.

— Source: Ghana Investment Promotion Authority