Oppong Nkrumah Reveals FDI Expected To Create 22,000 Jobs For Ghanaians After Ghana Accrued $2.65bn 2020

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A total of 27 000 jobs are expected to be generated from the 279 projects with operations at full capacity following the expansion in Foreign Direct Investment (FDI), Information Minister Kojo Oppong Nkrumah, has revealed.

He explained that out of this fugure about 22,000 of these jobs are expected to be for Ghanaians while about 1065 expected to be haunted by expatriates or non-Ghanaians.

Mr Oppong Nkrumah has revealed that Foreign Direct Investment (FDIS) gave Ghana 2.65billion dollars in 2020.

This, he said, was despite the challenges faced by the country following the outbreak of the coronavirus pandemic.

This figure, Mr Oppong Nkrumah said, was a 140 per cent increment from the figure recorded in 2019.

Speaking at a news conference in Accra on Sunday April 18, he attributed this recorded to the prudent management of the economic space within the country.

The Ofoase Ayirebi lawmaker further said the expansion within the FDI in Ghana is predicted to translate to into job creation for about 22,000

“A total estimated investment was about 2.7billionj dollars were recorded for the Republic of Ghana. The FDI component, was about 2.65 billion then about 145 million from the local market.

“The FDI value of two .6 is about almost 140 per cent increase over the figure recorded within the year 2019.

“We believe it’s due to the gradual improvement we still make within the economic space here in Ghana and despite the challenges that we’ve around especially the challenges of the year 2020.”

He added “57 of them in manufacturing, 15 in export trade and therefore the rest follow from there.”

The key thing that the Ghana Investment Promotion Centre (GIPC) is doing is that each one of those investments in terms of their equity composition…so that the roles and opportunities related to them are often fully realized by Ghanaians.

“It is estimated that a complete of 27 000jobs expected to be generated from the 279 projects with operations at full capacity, about 22,000 of these jobs are expected to be for Ghanaians while about 1065 expected to be haunted by expatriates or non-Ghanaians.”