Ghana records $5.63bn investments in first three quarters of 2017

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Total investments recorded during the first three quarters of 2017 amounted to $5.63 billion with an FDI component of $4.37 billion, says the Ghana Investment Promotion Centre (GIPC).

GIPC has closed the third quarter of the fiscal year ending 31st December 2017, having already directly booked $3.37 billion of our $5 billion targets for the year of registered domestic and foreign investments for 2017.

These details and more are contained in a new record released by the GIPC.

According to the report, Total Foreign Direct Investments (FDI) into Ghana includes FDI investments registered at the Free Zones Board ($241.52 million), the Minerals Commission ($513.13 million) and the Petroleum Commission ($358.41 million).

CEO of the Centre Yoofi Grant said “we at GIPC are indeed encouraged to work harder to exceed our targeted FDI of $5 billion for the year.

“The GIPC continues to be a central pivot of government in facilitating foreign direct and domestic investments to support the development of our economy,” he added.