The Economy of Ghana by Mozammel Huq & Michael Tribe

Author:Mozammel Huq & Michael Tribe
Language: eng
Format: epub
ISBN: 9781137602435
Publisher: Palgrave Macmillan UK

The same report emphasises that Chinese investment activity in Ghana has not been limited to the infrastructure sector:The statistics from the Ghana Investment Promotion Center suggests that Chinese investment in Ghana stretches across a wide variety of sectors, including manufacturing, construction, tourism, service and agriculture. From September 1994 to June 2013, the Foreign Direct Investment (FDI) influx into Ghana from China reached $543.5 million, making it the tenth biggest FDI provider for Ghana, the top five being the UK, Korea, USA, UAE and Lebanon. Of the $543.5 million FDI from China, $254 million went into the manufacturing sector (covering a variety of industries such as iron and steel, food processing, textile, salt production and fishing); the trade, construction and service sectors attracted $120 million, $96 million $48 million respectively. A closer look reveals that in terms of the number of projects, China, with 645 registered projects, topped the list of investor countries. (Interias 2017, p. 7)

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