FOREIGN DIRECT INVESTMENT FLOWS TO GHANA

Abstract

Ghana, as a small developing African country, has attracted the non-market seeking type of FDI. One major FDI categories that have been attracted into Ghana have included investments to exploit the mineral resources in the country, mainly gold. The privatization of AGC by the government was also presumably aimed at sending signals that it was prepared to encourage the participation of the private sector. FDI responded positively to the privatizations of AGC, Ghana Telecom and privatizations in the non-traditional exports sector, especially in canned tuna, cocoa products and other manufactures.