Ghana Investment Promotion Centre has revealed that Ghana attracted an estimated US$2.61 billion in foreign direct investment (FDI) inflows in 2025, signalling a strong rebound in investor confidence amid improving macroeconomic conditions.
The provisional figures, covering 253 registered projects and existing firms, represent a sharp increase from the US$652 million recorded in 2024.
The latest investment data, compiled from the Ghana Investment Promotion Centre, the Petroleum Commission and the Ghana Free Zones Authority, points to renewed foreign appetite for the Ghanaian economy following relative stability in inflation and the local currency during the review period.
According to the figures, newly registered projects under the GIPC contributed the highest share of inflows, accounting for US$1.437 billion from 180 projects.
Existing upstream petroleum companies followed with investments estimated at US$994 million, while projects operating under the Free Zones Authority brought in US$165 million. Additional equity investments into already existing companies stood at US$14 million.
The report also highlighted significant reinvestment activity by foreign-owned companies already operating in the country.
Out of the US$1.92 billion captured by the Bank of Ghana, approximately US$1.83 billion came from reinvested earnings, suggesting that many firms are choosing to expand operations locally rather than repatriate profits or withdraw from the market.
By project numbers, China emerged as Ghana’s biggest foreign investor source country, recording 70 projects.
India followed with 22 projects, while Nigeria accounted for 10 projects. The United Arab Emirates and the United Kingdom registered nine and eight projects respectively.
However, in terms of actual investment value, the Cayman Islands ranked highest with US$500 million in inflows, narrowly edging China, which recorded US$486 million.
Nigeria accounted for US$105 million in investment value, while joint France-Nigeria investments contributed US$100 million. The United States followed with US$51 million.
Chief Executive Officer of the Ghana Investment Promotion Centre, Simon Madjie, said the figures reinforce Ghana’s position as a preferred investment destination on the African continent.
“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.
“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,” he asserted.
The latest figures come at a time when sections of the business community are beginning to express cautious optimism about the economy, despite persistent concerns over utility tariffs, energy costs and operational expenses.