Tag: FDI
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Scale up effort to claim share of global pharmaceutical revenue – Sam Jonah
Players within the pharmaceutical industry across Africa have been charged to accelerate efforts in turning the fortunes of the sector not only into a more lucrative but lifesaving one. According to businessman and Chancellor of the University of Cape Coast, Sir Samuel Esson Jonah, the insignificant share of global pharma industry revenue leaves more room…
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FDI Inflows: Ghana is second highest recipient in West Africa
FDI flows to Ghana increased by 39% to $2.6 billion for the year 2021. According to the World Investment Report 2022, this placed Ghana second in West Africa, and seventh in Africa, in terms of FDI attraction. The rise in Ghana’s FDI flows was attributed to major projects in its extractive industries, which included; the…
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Ghana to present ‘limitless opportunities’ at Dubai 2020 Expo
As part of efforts to boost the inflow of foreign direct investment into the local economy, Ghana will be participating in the Dubai 2020 Expo under the theme “limitless opportunities”. The expo will see many countries of the world exhibiting their trade and economic potentials to the global market within six months starting from October…
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Ghana records $874 million of inbound investments in first half of 2021
Latest Data from Ghana Investment Promotion Centre, GIPC, indicates that the country recorded $874m in investments in the first half of this year from 122 projects. Of the total investments, the Foreign Direct Investment (FDI) component amounted to $829.29 million, while the local component accounted for $44.72 million. This is an increase 32.15% over the…
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Ghana records $2.6 billion in FDI for 2020 despite impact of COVID-19
The value of Foreign Direct Investments (FDI) inflows into the country increased to 2.6 million dollars in 2020 from the 1.1 million dollars recorded in 2019. This represents an increase of 139.06 percent of the total US$1,108.93 million FDI the country recorded in 2019. This is according to the latest data from the Ghana Investment…
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Foreign Direct Investments increase by over 400% in 2020 first half
Foreign Direct Investments (FDI) increased by over four hundred percent for the first half of 2020, figures from the Ghana Investment Promotion Centre (GIPC) has shown. The Foreign Direct Investments increased from US$627.52 million in the first half of 2020 compared to the FDI value of US$123.26 million recorded within the same period last year.…
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New GIPC laws to reach cabinet within first quarter – CEO
The Ghana Investment Promotion Centre (GIPC) has told Citi Business News it should submit a draft on its proposed new regulations to cabinet by the end of the first quarter this year (2018). According to the Center, it has already engaged key stakeholders on some reforms to be rolled out in the new law. The…
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FDIs drop by 300 million dollars in 2016
Total Foreign Direct Investment (FDIs) to Ghana dropped by 300 million dollars in 2016. This is according to the Ghana Investment Promotion Centre (GIPC). The figure declined from the 2.7 billion dollars recorded in 2015 to 2.4 billion dollars in 2016. Meanwhile, total registered projects for the period increased by ten; from 170 to 180.…
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FDI drops by over 80% in 2016 third quarter
Foreign Direct Investments decreased by 83.33 percent for the third quarter of 2016, figures from the Ghana Investment Promotion Centre (GIPC) has shown. The FDIs dropped from 1.45 billion dollars in the second quarter of 2016 compared to the 241.17 million dollars for the third quarter of the same year. Similarly, the total initial capital transfers…