Audio By Carbonatix
Provisional Foreign Direct Investments (FDI) figures for Ghana from January to September has hit 1.3 billion dollars.
That is according to provisional figures put forward by the Ghana Investment Promotion Centre (GIPC).
The amount represents projects registered with the Centre by foreign investors and represents about a 100 percent jump from what was recorded for the same period last year.
Chief Executive of GIPC, Mawena Trebah-Dumor, says the Centre's strategy has been to focus on sectors that are important to the development of Ghana and by providing assistance to the foreign investors.
"We make sure that we are meeting with investors who already have a commitment to make an investment...showing them very specific projects with timelines, with details of the initial capital outlay so they are very clear on what the specific opportunity is. So obviously it's easy for them [investors] to make a decision", she explained.
FDI inflows in 2012 represented 8.09% of Ghana's GDP, according to the World Bank.
Foreign direct investment are the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor.
It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments.
[Story by George Wiafe. Additional reporting and editing by George Nyavor]
Latest Stories
-
Two dead in 50-vehicle pile up on Japan highway
42 minutes -
Fearing deportation, Hondurans in the US send more cash home than ever before
54 minutes -
New York blanketed in snow, sparking travel chaos
1 hour -
Creative Canvas 2025: Documenting Ghana’s creative year beyond the noise
5 hours -
[Video]Timaya falls on stage while trying to lift plus-sized woman during performance
6 hours -
Family cremates wrong body after hospital mistake in Scotland
6 hours -
Kennedy Center seeks $1m from musician who cancelled after Trump name added to venue
6 hours -
Nine arrested in Italy for allegedly raising millions for Hamas
6 hours -
Alhassan Suhuyini makes Christmas donations to churches within Tamale North Constituency
8 hours -
Meet 81-year-old father of UCC Acting Vice-Chancellor, who recently graduated with an MBA
8 hours -
Did you know that Ken Ofori-Atta’s lawyer, Enayat Qasimi, is the ‘Ken Ofori-Atta of Afghanistan? – Kay Codjoe writes
8 hours -
Kidnap suspect arrested in Tamale as Police rescue victim after four days
9 hours -
Tema Oil Refinery resumes crude refining after years of shutdown
9 hours -
Kojo Antwi thrills fans with regal entry, marathon performance at ‘Antwified’ concert
9 hours -
Ofori Amponsah surprises KiDi at ‘Likor On The Beach’ 2025
10 hours
