GENERAL NEWS

China remains the country with highest FDIs in Ghana

This is consistent with what was recorded in the same period in 2022.

It was followed by the USA, the Netherlands, and Australia.

According to the Ghana Investment Promotion Centre (GIPC), the country recorded a 16 percent drop in investment projects in the first half of 2023.

The GIPC in a report noted that it registered 72 FDI projects compared to 86 projects in the same period last year.

The total estimated value of investments for the first half of 2023 was $274 million compared to $203 million, which represented a 35 percent increase.

“China with 16 projects brought in FDI of US$120.10 million, the USA with 9 projects brought in FDI of US$19.50 million, the Netherlands with 1 project brought in FDI of US$16.88 million, Australia with 4 projects brought in FDI of US$14.4 million, and Mauritius with 2 projects brought in FDI of US$11.06 million,’’ the report said.

The report added that “Out of the 72 projects registered, the manufacturing sector, with 32 projects, recorded the highest number of projects. It was followed by services and export trade, with 25 and 7 projects, respectively. General Trade recorded 4 projects, while the building and construction sector recorded 2 projects. The agriculture and liaison sectors registered one project each.”

According to the report, the FDI component for the first half of 2023 was $229 million, up from $187 million in the same period last year, which showed a 22 percent increase.

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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