China leads in foreign investments in Ghana

The number of investments registered in Ghana reached 385 in 2010 as compared to 257 projects in 2009 and China tops the list of foreign investors with 67 projects.

Bermuda, however has the largest value of investments worth $300 million, the Ghana Investment Promotion Centre (GIPC) has said.

It indicated that out of the 385 registered projects, 249 were wholly-owned foreign enterprises and 136 were joint ventures between Ghanaians and foreign partners.

The joint venture projects, according to the GIPC were valued at GH¢163.91 million and the wholly-owned foreign enterprises were valued at GH¢1.63 billion.

The Foreign Direct Investment (FDI) component of the estimated value of the projects registered in 2010 amounted to GH¢1.55 billion and the local currency component of GH¢239.01 million, it said.

By Emmanuel K. Dogbevi