Ghana Draws $2.6bn in FDI for 2025, China Tops Project Numbers

Ghana pulled in an estimated US$2.61 billion in foreign direct investment in 2025 through 253 new and existing projects, according to provisional data from the Ghana Investment Promotion Centre.

The figure marks a sharp jump from the US$652 million recorded in 2024. The rise reflects stronger investor confidence as inflation eased and the cedi held steady during the year.

Data from GIPC, the Petroleum Commission, and the Ghana Free Zones Authority shows new GIPC-registered projects brought in the largest chunk at US$1.437 billion across 180 projects.

Existing upstream petroleum firms recorded US$994 million in investments. New projects under the Free Zones Authority added US$165 million, while extra equity inflows into existing companies totaled US$14 million.

The Bank of Ghana captured US$1.92 billion of the total inflows. Of that amount, about US$1.83 billion came from reinvested earnings, suggesting companies already in Ghana are choosing to expand rather than pull out.

By project count, China led with 70 projects. India followed with 22, Nigeria with 10, the United Arab Emirates with 9, and the United Kingdom with 8.

In terms of value, the Cayman Islands ranked first with US$500 million, just ahead of China’s US$486 million. Nigeria contributed US$105 million, France-Nigeria partnerships brought in US$100 million, and the United States accounted for US$51 million.

GIPC Chief Executive Simon Madjie said Ghana remains open for business and is positioning itself as Africa’s commercial hub under AfCFTA.

“We are open for foreign direct investment and we are even more open for foreign direct investment from Africa because we have the AfCFTA. We are the commercial hub for the continent. Now, our objective is not to compete,” he said.

“Our objective is to position Ghana as the favourable place for people to do business and there are a lot of things that are going well for us,” Madjie added.

The data signals continued foreign investor confidence, even as local businesses raise concerns about energy tariffs and other operating costs.