Nigeria leads African investments in Ghana

Nigeria is the leading African country investing into Ghana with about 167 projects registered, according to an official of the Ghana Investment Promotion Council (GIPC).

Mr Kofi Antiri, Acting Director of Research at the GIPC told ghanabusinessnews.com that Nigerian companies have invested $1.3 billion from 2004 to date, making Nigeria’s estimated value of investments the fourth among countries of the world that make foreign direct investments into Ghana for the period.

Nigeria comes after Britain, the USA and the UAE

In the service sector, Nigerians have invested $494.17 million, he said.