Despite the impact of the global COVID-19 pandemic and the ongoing Russia-Ukraine conflict, Ghana has emerged as Africa's most appealing investment destination, as stated by the Ghana Investment Promotion Centre (GIPC).

The GIPC highlights numerous opportunities for both domestic and foreign investors to contribute to the growth of the local economy and reap substantial benefits.

A tweet from the GIPC, observed by GhanaWeb Business, reiterates Ghana's readiness for business, underscoring the country's political stability and abundant natural resources as key factors to attract potential investors.

Amidst challenging global circumstances, Ghana stands out as an attractive investment hub, offering stability and promising prospects for those looking to invest.

"From political stability to abundant resources & global access, Ghana offers one of Africa’s most attractive destinations for investment," part of the tweet read.

"Indeed, Ghana is a land of opportunity, full of optimism & open for business," it added.

According to the World Investment Report 2022, global direct investment stood at 1.6 trillion dollars (about $4,900 per person in the US) in 2021, which was expected to grow in the medium term.

Africa’s share of the total global inward investment however stood at US$83 billion as compared to US$29 billion in 2020, accounting for 5.2 percent of global direct investment.

The report added that flows to Ghana that year rose from 39 percent to US$2.6 billion owing to projects in the extractive industries supported by efficient supply chains, adding that there was more room for improvement in the country and the African continent.