Ghana recorded $316 million in Foreign Direct Investment (FDI) within the first three quarters of 2024, reaffirming its reputation as a key investment destination in West Africa. The Ghana Investment Promotion Centre (GIPC) highlighted these figures in its Third Quarter Report, which revealed the registration of 108 projects valued at a total of $325.88 million. Out of this, foreign investments accounted for a significant $303.49 million, representing 78.7% of the total, while local investments contributed $9.88 million. Additionally, 23 joint ventures between Ghanaian and foreign businesses brought in $22.39 million, illustrating the growing collaboration between local and international investors. With an initial capital transfer of $22.1 million, the period saw strong investor confidence in the country's economy.

The manufacturing sector stood out as the primary beneficiary of these investments, attracting 55 projects worth $190.7 million. This sector has proven to be a cornerstone of Ghana's industrialization strategy, driving economic growth and creating job opportunities. The liaison sector followed, pulling in $76.3 million in investments, while the general trade sector secured $21 million. Other notable sectors included services, export trade, agriculture, tourism, and construction, each playing a role in diversifying the investment portfolio. Specifically, the sectoral breakdown showed 27 projects in services, 11 in general trade, 7 in export trade, 3 in agriculture, 2 in tourism, and 2 in building and construction, along with a single project in liaison services. These varied investments underscore the nation’s broad economic appeal and potential for development.

Ghana’s ability to attract such significant investment within a relatively short period highlights its position as a preferred destination for international and regional investors. Strategic policies and an improved business environment have continued to drive this growth, supported by the country's robust infrastructure and political stability. The manufacturing sector's dominance emphasizes Ghana's commitment to industrialization and economic diversification, further bolstered by strong contributions from other sectors. As the country continues to focus on creating an enabling environment for both foreign and local investments, the stage is set for sustained economic growth and development in the coming years. The achievements of 2024 thus far point to Ghana’s evolving role as a leader in fostering innovative partnerships and driving industrial transformation in Africa.