Ghana FDI Hits $378M in Q3 2025 as Manufacturing Leads Investment Surge

Foreign direct investment (FDI) inflows into Ghana reached $378 million in the third quarter of 2025, with the manufacturing sector emerging as the country’s top investment magnet, according to the latest report from the Ghana Investment Promotion Centre (GIPC). The data underscores the continuing importance of foreign capital in driving Ghana’s industrial growth.

The report reveals that nearly all new capital commitments—$377.63 million of $378 million—came from foreign investors, while Ghanaian investors contributed a modest $2.62 million. Initial capital transfers during the period totaled $13.06 million, highlighting the continued reliance on external financing for large-scale projects.

Out of 53 registered projects, 41 were wholly foreign-owned, valued at $371.18 million, while 12 were joint ventures contributing $6.45 million. Manufacturing clearly outperformed other sectors, attracting 34 projects worth $332.74 million, far ahead of services, agriculture, and trade. This cements manufacturing’s role as a key driver of job creation and industrial development in Ghana.

Investment activity remained heavily concentrated in the Greater Accra Region, which secured 41 projects, confirming its status as Ghana’s commercial and industrial hub. Other regions—including Western, Ashanti, Bono East, Eastern, and Savannah—recorded only sporadic investment, signaling that geographic diversification remains a challenge.

The Q3 2025 data highlights three enduring trends: persistent dependence on foreign capital for major projects, the rising strategic importance of manufacturing, and a widening gap in domestic investment participation. Despite efforts to stabilize the macroeconomic environment, local investors continue to play a limited role in driving large-scale development projects.

source: citi newsroom