Kumasi, Ghana: Potential Opportunities for Investors - Millennium ...

CAGR (%) 2000–2006
Manufacturing b 9.7%
Service (0.6)%
Tourism 30.2%
Trading 27.3%
Construction 43.8%
Agriculture (4.7)%
FDI in Ghana by industry a , 2000–2006
US$ million
2,400
2,350
2,300
250
200
150
100
50
0
132.1
97.9
69.1
Includes investment of
US$2.1 billion in new
aluminium smelting
capacity by Alcoa
118.7
2,367.8
2000 2001 2002 2003 2004 2005 2006
Agriculture Construction Trading Tourism Service Manufacturing
Source: Ghana Investment Promotion Centre
a Based on total value of investment therefore where joint ventures with a Ghanaian partner occur, value
includes investment contribution from the domestic investor
b Manufacturing CAGR excludes 2006 investment by Alcoa
FDI in Ghana by type of ownership and level of investment, 2000–2006
Number of new FDI projects
Joint venture
100% foreign owned
Average level of foreign funding in new joint ventures
300 100%
87.1%
88.7%
90%
250
81.3%
78.0% 99 80%
200
150
115
120
89
65.8%
88
69.1%
106
96
70%
63.7%
60%
157
50%
133
40%
100
50
0
65
64
63
77
96
205.9
213.7
2000 2001 2002 2003 2004 2005 2006
Source: Ghana Investment Promotion Centre
30%
20%
10%
0%
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Average level of foreign funding in new joint ventures