Investments in Ghana over the first quarter (Q1) 2017 were worth 3.04 billion U.S. dollars, the Ghana Investments Promotions Center (GIPC) announced here on Friday.

The Foreign Direct Investment (FDI) component of these investments were 2.95 billion dollars, or 97.19 percent of the 49 newly registered projects for Q1 while the local currency component of all the projects was worth 85.52 million dollars, or 2.81 percent.

A release issued by GIPC on Friday listed Manufacturing (2.59 billion dollars); Liaison ( 403.5 million dollars); General Trading (15 million dollars); and Services (10 million dollars) as some of the beneficiary sectors of these projects.

“Of the 49 projects registered during the first quarter, 43 (87.76 percent) were wholly foreign-owned enterprises valued at 539.56 million dollars, which is 17.75 percent of the total estimated value of projects registered.”

“The remaining six (12.24 percent) were joint ventures between Ghanaians and foreign partners valued at 2.50 million dollars which is 82.25 percent of the total estimated value of projects registered,” GIPC said in the release.

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Source: Xinhua/NewsGhana.com.gh