Business News of Thursday, 2 September 2021
Source: business24.com.gh
2021-09-02
The services and manufacturing sectors of the economy were the most dominant
The services and manufacturing sectors of the economy were dominant as the country registered US$874 million worth of investments from 122 projects in the first half of 2021, the Ghana Investment Promotion Centre (GIPC) has said.
The services sector recorded 63 projects at an estimated value of US$597.63 million, while the manufacturing sector recorded 24 projects at a value of US$98.74 million.
General trading as well as building and construction recorded Foreign Direct Investment (FDI) values of US$41.87 million and US$22.63 million respectively.
The country’s top investment body said the projects registered so far have the potential to generate 8,931 jobs, thereby improving aggregate employment.
According to the centre, 8,091 (90.59 percent) of these positions will be for Ghanaians, while the remaining 840 (9.41 percent) will be for non-Ghanaians.
The GIPC said it remained optimistic about maintaining the strong performance while moving forward in a new and innovative way.
This the centre hopes to achieve by reviving international investment as a conduit for economic growth through aggressive engagement with the international investor community and the organisation of the first annual investment summit dubbed “Spark up 2021”.
Attracting investments under the country’s CARES initiative will continue to be a priority to the centre in order to guarantee that Ghana’s economic recovery is inclusive, with benefits flowing to all sectors of the economy, the centre added.
Out of the total registered investment of US$874 million, the FDI component amounted to US$829.29 million, while the local component accounted for US$44.72 million.