According to UNCTAD’s Global Investment Trends Monitor, Global foreign direct investment (FDI) collapsed in 2020, falling by 42% to an estimated $859 billion, from $1.5 trillion in 2019.
The decline was concentrated in developed countries, where FDI flows fell by 69% to an estimated $229 billion. Greenfield announcements fell by 46% (-63% in Africa, – 51% in Latin America and the Caribbean, -38% in Asia) and international project finance by 7% in (-40% Africa).
Despite the grim economic outlook caused by COVID-19, overall FDI in developing countries appeared relatively resilient. The year 2020 ended up very encouraging for Ghana. Total investment inflows of US$2,796.49 million was recorded in 2020, with an FDI value of US$2,650.97 million for Ghana.
– Chief Executive Officer, Ghana Investment Promotion Centre (GIPC), Yofi Grant.