During this period 105 new projects were registered, an increase of 26.51% compared to 83 registered projects in the corresponding quarter of 2009.

 

Of the 105 projects registered, 67 (63.81%), were wholly-owned foreign enterprises valued at GH¢907.76 million (US$648.40 million). The remaining 38 (36.19%) were joint ventures between Ghanaians and foreign partners valued at GH¢20.00 million (US$14.29 million).For the corresponding quarter of 2009, 56 wholly-owned foreign enterprises and 27 joint ventures were registered and valued at GH¢47.05 million (US$33.61 million) and GH¢109.29 million (US$78.06 million) respectively.

 

The total estimated value of the newly registered projects was GH¢927.76 million (US$662.68 million), a significant increase of 252.19% compared to GH¢263.42 million (US$188.16 million) recorded for the 1st quarter of 2010. This is also a substantial increase of 493.43% compared to GH¢156.34 million (US$111.67 million) recorded in the corresponding quarter of 2009.

 

The total initial capital transfers for the second quarter of 2010 was GH¢22.42 million (US$16.01 million), an increase of 7.74% compared to GH?20.81 million (US$14.86 million) recorded for the first quarter 2010.

 

The FDI component of the estimated value of the projects registered for the second quarter was GH¢839.07 million (US$599.34 million), representing 90.44% of the total estimated value; an impressive rise of 271.48% over the value of the projects recorded for the first quarter of 2010, which amounted to GH?225.88 million (US$161.34 million). This is also a surge of 549.20% compared to GH?129.25 million (US$92.32 million) recorded in the corresponding quarter of 2009.

 

The local currency component also amounted to GH¢87.50 million (US$62.50 million), representing 10.19% of the total estimated value as against GH¢27.08 million (US$19.35 million), which was 17.32% of the total estimated value for the same period in 2009.

 

The total number of jobs expected to be created for Ghanaians from the projects registered in the second quarter is 89,483 compared to the 4,107 jobs created for same in the corresponding quarter of 2009.

For further information on this topic, please contact the

Marketing & Public Relations DIvision
Phone: 0302- 665125-9
Email: info@gipcghana.com 
 
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