Simon Madjie, CEO of Ghana Investment Promotion Centre
The Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), Mr Simon Madjie, has urged Chinese investors to take advantage of the vast investment opportunities that exist in Ghana to diversify their investment portfolios.
He said Ghana had huge investment opportunities in sectors such as energy, agro-processing, infrastructure, and manufacturing which they could explore.
Speaking at the third-day of the Ghana China Business Summit 2025, dubbed “The Big Push”, Mr Madjie said Ghana was strategically positioned to offer high-yield returns on investment, with policies and protections in place to ensure long-term business success.
The five-day summit, which began on Monday was organised by the Government of Ghana, SINO- Africa Group and Perfect World Company Limited.
It was attended by more than 120 Chinese investors and delegates.
In a presentation on the topic
“Why You Must Invest in Ghana,” Mr Madjie said the country had high investment potential in the areas of electric vehicles (EVs), packaging facilities, tractor assembly plants, industrial parks, and agro-ecological zones, which aligned with the government’s flagship 24-Hour Economy policy.
In the energy sector, he said Ghana currently produced about 24,260 megawatts of power annually and had 27 power plants, with ongoing production of 48.25 million barrels of crude oil.
He said the government had opened up the energy sector for private participation in electricity distribution, off-grid power generation, wind turbine installation along the coast, and the establishment of transmission entities.
The GIPC CEO mentioned strategic investments in solar refrigeration and the upstream petroleum sector, including a recent Memorandum of Understanding with Jubilee Partners to drill 20 new wells.
He said investment opportunities existed in the construction of oil refineries with a daily capacity of 300,000 barrels, as well as a $60- billion petroleum hub project comprising three refineries, five petrochemical plants, and 10 million cubic metres of storage capacity.
He disclosed that Ghana Gas was seeking $745 million to construct the Takoradi-Tema and Takoradi-Ivory Coast pipeline projects.
In the manufacturing sector, Mr Madjie said the Ghana Integrated Aluminium Development Corporation was seeking $1.5 billion in investment, while the Ghana Integrated Iron and Steel Development Corporation had opened up nine iron ore blocks in the Oti Region for exploration, requiring between $35 million and $40 million.
The Electricity Company of Ghana, Mr Madjie indicated required $462 million to expand its network and reduce losses, while the Ghana National Petroleum Corporation was seeking over $200 million for seismic surveys.
The GIPC CEO said there were investment prospects for a $2-billion port infrastructure, $250 million for Terminal 2 expansion at Kotoka International Airport, and various manufacturing, housing, and logistics projects.
Mr Madjie said the government’s Big Push initiative, a US$10 billion infrastructure programme over five years, sought to boost productivity and link road infrastructure to agricultural production and trade routes.
“Already, GH¢13.7 million has been allocated to support implementation this year,” he said.
On investor protection, Mr Madjie assured participants of guarantees under the Ghana-China Bilateral Investment Treaty, signed in 1989, including protection against expropriation, national treatment, most-favoured nation treatment, and unhindered repatriation of capital and profits.
He noted that even after termination, protections extend for 10 years on existing investments.