Accra has strengthened its reputation as Ghana’s leading investment destination, with new third-quarter data from the Ghana Investment Promotion Centre (GIPC) revealing that the capital city attracted 41 out of 53 registered projects between July and September 2025.
The figures underscore Accra’s longstanding dominance as the country’s commercial and industrial hub, driven by superior infrastructure, reliable logistics, easier administrative processes, dependable energy supply, and a dense network of service providers that continue to influence investor choices.
In comparison, only 12 projects were recorded outside Greater Accra, spread across the Western, Ashanti, Bono East, Eastern, and Savannah regions.
The uneven distribution highlights the limited progress in Ghana’s efforts to decentralise investment despite ongoing government incentives aimed at regional industrialisation. The trend also raises questions about the effectiveness of existing regional development strategies.
According to the GIPC, foreign direct investment (FDI) into Ghana reached US$378 million in Q3 2025. Foreign investors contributed US$377.63 million of this total, while Ghanaian investors accounted for just US$2.62 million, underscoring the country’s heavy reliance on external capital for major industrial and service-sector projects.
Of the 53 projects registered during the quarter, 41 were wholly foreign-owned, valued at US$371.18 million, representing more than 77% of all commitments. The remaining 12 projects were joint ventures worth US$6.45 million. Initial capital transfers for the period amounted to US$13.06 million.
Manufacturing remained the most attractive sector for new capital, recording 34 out of the 53 projects, far ahead of services (11), agriculture (3), and general trade (2).
Building and construction, export trade, and tourism each recorded one project. In value terms, manufacturing led the quarter with US$332.74 million, maintaining its position as the most capital-intensive industry. General trade followed with US$21 million, while export trade secured US$12 million.
