Turkey came in second place after China among the foreign countries that invested most in Ghana, located in West Africa, last year.
This came in a report issued by the Ghana Investment Promotion Center (GIBC) on Sunday, on data on foreign direct investments in the country during the year 2023.
According to the data, the value of foreign investments in Ghana during the past year amounted to $649.5 million.
Data indicate that the value of foreign investments in the country during 2023 declined by 55% compared to investments in 2022.
Last year, China’s investments came in first place with a value of $211.89 million, followed by Turkey with $173.27 million, and India in third place with $77.93 million.
During the past year, China implemented 31 projects in Ghana, while the number of Turkish projects reached 4.
It is noteworthy that many countries in the world are keen to direct their investments, estimated at billions, to Africa during the past two decades.
According to the Economist Research Unit (affiliated with the British economic media group The Economist, which specializes in providing consulting services through research and analysis), the total investments announced from the Gulf Cooperation Council countries in Africa reached a record level of $60 billion in 2022 and another $53 billion in the year. 2023, which far exceeds the investments of Asia, North America, and Western Europe in the African continent.
According to a report issued by the British Research Unit, Chinese companies announced $35.5 billion in foreign direct investment in new areas in Africa during 2023, while companies based in Western Europe announced an investment of $38 billion, while American companies announced an investment of $10. Billions of dollars in Africa.
