Foreign Direct Investments into Ghana declined by 31 percent between 2014 and 2015.
The total FDI of about 3.4 billion dollars recorded in 2014 declined to 2.3 billion dollars in 2015.
Also, total number of projects declined from 185 to 170 for the same period.
Figures released by the Ghana Investment Promotion Centre (GIPC) however showed an increase in local components for the same period increased by 93.4 percent.
It thus increased from 181.61 million dollars to 351.31 million dollars.
According to the GIPC, total number of projects registered for the period decreased from 185 to 170.
Total initial capital also declined by 60 percent from about 180 million dollars recorded in 2014 to about 70 million dollars recorded in 2015.
Although countries with highest number of projects increased from 30 in 2014 to 35 in 2015, the value of countries with highest investments reduced from about 1.9 billion dollars in 2014 to about 1.3 billion dollars in 2015.
The value of all notable investments declined by 46 percent as the 2014 figure of about 2.4 billion dollars declined to about 1.3 billion dollars.
While total employment to non-Ghanaians declined from 1,452 to 1,414 for the period; total employment for Ghanaians however increased from 11,664 to 13,534 between 2014 and 2015.
–
By: Pius Amihere Eduku/citibusinessnews.com/Ghana
