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
-
Let’s live peacefully and shame our saboteurs – Savannah executives of NPP, NDC
5 mins -
Reconstruction of Agona-Nkwanta-Tarkwa road 80 per cent complete
13 mins -
Internet penetration: 10.7 million Ghanaians offline – LONDA Report
21 mins -
USC cancels grad ceremony as campus protests against Israel’s war in Gaza continue
26 mins -
Harvey Weinstein’s 2020 rape conviction overturned in New York
32 mins -
US Supreme Court divided on whether Trump can be prosecuted
35 mins -
There’s enough justification for Affirmative Action Bill to be passed – Minka-Premo
38 mins -
Don’t allow people to manipulate you into vaccine hesitancy – Dr Adipa-Adappoe
45 mins -
Suspend implementation of Planting for Food and Jobs 2.0 for 2024 – Stakeholders
51 mins -
Parkinson’s disease no longer confined to the elderly – Public Health Physician, Dr Momodou Cham warns
55 mins -
Persons living with Parkinson’s disease appeal for support as they face stigmatization
1 hour -
36-year-old-trader sentenced for stealing employer’s money
1 hour -
9 signs you’re falling in love with someone who thoroughly enjoys emotional manipulation
1 hour -
Catholic Diocese of Keta Akatsi hosts Parkinson’s support group meeting
1 hour -
Wa Naa appeals to Akufo-Addo to audit state lands in Wa
2 hours