revokes the Ghana Investment Promotion Center (Promotion of Tourism) Instrument
2005 (LI 1817). Concessions granted to hotels and the hospitality industry under the LI
therefore no longer apply.
4.4.2
Foreign Direct Investment (FDI)
There has been marked improvement in the investment climate in the country. FDI
increased from 385 projects valued at USD1,278.90 million in 2010 to 514 projects
valued at USD7,680 million in 2011 (Table 4.7).
Table 4.7: Investment Profile, 2009 - 2011
Total estimated value of
registered projects (US$M)
Total number of registered
projects
Foreign Direct Investment
(FDI) component (US$M)
2009
619.99
2010
1,278.90
2011
7,680.00
257
385
514
551.30
1,108.93
6,820.00
Source: GIPC, 2011
Disaggregating the projects by region showed that project location was skewed in favour
of the Greater Accra region (Table 4.8).
Table 4.8: Regional distribution of investments, 2009 - 2011
Region
Ashanti
Brong Ahafo
Central
Eastern
Greater Accra
Northern
Volta
Western
2009
10
6
1
6
222
1
1
1
2010
13
3
5
7
343
4
2
14
2011
29
5
12
7
425
6
4
26
Source: GIPC, 2011
Sixth Annual APRM Progress Report: January – December 2011
74