UK foreign direct investment (FDI) into Ghana reached £1.8 billion last year. This strong investment signals deepening economic ties between the two nations.
Dr. Christian Rogg, the British High Commissioner to Ghana, highlighted this at an investment engagement. He reported bilateral trade between the UK and Ghana stood at £1.6 billion. Over the past two decades, Ghana has registered more than 670 UK FDI projects, creating over 44,000 jobs. This demonstrates growing confidence in Ghana’s economic outlook.
These developments fit into Ghana's broader economic narrative of seeking foreign investment to spur growth. Recent government initiatives like the Big Push infrastructure agenda and the 24-Hour Economy policy aim to attract international capital. The Accelerated Export Development Strategy also seeks to boost Ghana's trade position. These policies underscore Ghana's commitment to creating an attractive environment for investors.
Dr. Rogg stated that UK officials see Ghana as “back” and “open for business.” He attributed this to renewed economic stability and ongoing reforms. These reforms are critical for maintaining investor confidence and accelerating development.
The newly launched UK-Ghana Growth Partnership will connect Ghana’s investment pipeline with UK and international capital. This will speed up project development and delivery. A UK-backed investment “deal room” is showcasing over £400 million worth of opportunities to potential investors. These initiatives expect to drive further job creation and economic growth in Ghana.
Several major projects are underway or planned. The Private Infrastructure Development Group announced its largest single investment in Ghana: a £101 million ship repair and dry-docking facility at Cape Three Points Port. This project alone will create up to 430 jobs, with 30 percent specifically for women. It also aims to position Ghana as a key regional maritime hub.
Furthermore, an £85 million UK-Ghana Green Fund by Mia Plantation will finance green and sustainable projects. This fund will be listed on the London Stock Exchange. Another innovative climate-focused project is the £90 million Rainforest Builders forest restoration project in the Oti Region. A new Green Project Preparation Facility, in partnership with the Ghana Infrastructure Investment Fund, will unlock up to £180 million in climate-focused investments over the next three years.
UK institutions, including British International Investment, UK Export Finance, and the Private Infrastructure Development Group, currently hold investments worth about £500 million in Ghana. Dr. Rogg also noted a £4 million health partnership between Eastwood Park and Mango Clicks. Transnational education, science, and technology collaborations are projected to generate over £61 million in UK exports and expertise. These diverse investments highlight the breadth of economic cooperation.
The High Commissioner reaffirmed the UK’s commitment to deepening economic cooperation. This includes support for investment, job creation, and shared prosperity. Ghana's economic future will depend on its ability to leverage these partnerships and implement reforms effectively. Investors and policymakers will watch the progress of these initiatives closely.