Ghana Shifts Investment Focus To Production

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Elizabeth Ofosu Adjare
Elizabeth Ofosu-Adjare, Minister of Trade, Agribusiness and Industry

Ghana wants foreign investment to translate into more production and jobs rather than just capital inflows, Trade, Agribusiness and Industry Minister Elizabeth Ofosu-Adjare said Friday.

Ofosu-Adjare made the remarks at the launch of the Ghana Investment Promotion Centre’s (GIPC) 2025 Annual Investment Report at the Bank of Ghana in Accra. The report shows Ghana attracted about $2.6 billion in foreign direct investment across more than 250 new projects and existing companies in 2025, with significant reinvestment from firms already operating in the country.

“Are they expanding our productive capacity, creating opportunities for Ghanaian enterprises, strengthening value chains and opening new markets for what we produce?” the minister asked, framing the questions she said should now guide how government judges investment success. She said continued reinvestment by existing investors reflects confidence in Ghana’s economic prospects, and that government’s task is to convert that confidence into higher output, stronger businesses and lasting economic value.

The report also identifies close to $12 billion in announced and pipeline investments, a pool of potential capital the minister said government wants to see converted into operating businesses, production and jobs.

Ofosu-Adjare singled out agribusiness as a sector where investment can generate wider benefits by linking farming to processing, packaging, transport, warehousing, distribution and exports, allowing more value from agricultural output to stay within Ghana. Government is also prioritising textiles and garments, pharmaceuticals, automotive manufacturing and components, and agro-processing. She encouraged investors expanding in Ghana to partner with local suppliers, use local inputs where possible and invest in skills development for young Ghanaians.

She said sustaining investment will require a predictable operating environment, including reliable infrastructure, access to financing, skilled labour, regulatory certainty and responsive public institutions. She pointed to a pending bill to establish a Ghana Investment Promotion Authority, which she said would strengthen investment facilitation, alongside continued work on a Business Regulatory Reform Bill intended to clarify compliance requirements and improve consultation between the public and private sectors.

On the African Continental Free Trade Area, Ofosu-Adjare said Ghana’s competitive edge will depend on firms producing efficiently and consistently meeting quality and standards requirements to supply markets across the continent. “Investment should leave a visible economic footprint in Ghana through expanded production, stronger local enterprises, productive jobs and greater access to regional and international markets,” she said.

GIPC Chief Executive Officer Simon Madjie said manufacturing led the year by project count, while mining services accounted for the highest FDI value. Bank of Ghana Governor Johnson Pandit Asiama welcomed the findings, describing them as a reflection of renewed confidence in Ghana’s economy and saying the report offers insight into the direction of investment and growth beyond the headline figures.

GIPC also signed a memorandum of understanding with Oxford Business Group at the event to collaborate on a global investment campaign for Ghana.

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