Foreign Direct Investment to Ghana takes considerable dip- GIPC

Investment for  the third quarter of 2015 has taken a marginal hit as figures from the Ghana Investment Promotion Center  shows a 9 percent decline in Foreign Direct Investment.

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The dip is in comparison with the third quarter of 2014 in terms of Foreign Direct Investment , Projects and Value of Investment.

According to the GIPC, 43 out of the 56 projects carried out in the country were by foreign investors, as compared to 2014's 37 out of 52.

In terms of Value of Project, the country recorded 1.3 billion in value for foreign projects in the third quarter of 2014 as compared to the third quarter of 2015.

There was a reduction in the Foreign Direct Investment coming into the country from the $1.1 billion to $301 million in  in the 3rd quarter of 2015.

In the GIPC also highlighted the number of contracts  carried out in the country this year.

In 2014 Lebanon accounted for the total number of foreign contracts carried out in Ghana, with a total number of contracts being 14.

The third quarter of 2015 saw a reduction in this number, which China carrying out the highest number of contracts reducing to 10.

Power generation company, Asquai carried the company with the highest value of 300.5 million,  followed by KarPower Energy, builders of Ghana's Emergency Power Barges, with 73.3 million. The third was rehabilitation of the Aburi Botanical Gardens.

In terms of regional statistics, only 6 out of the 10 regions in Ghana saw contracts- Northern Region, Upper East Region, Upper West Region, Volta Region, Northern Region and the Greater Accra Region who had the highest number of  contracts with 39.

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