Ghana retains 6th place as Africa's most attractive investment destination

Ghana has maintained its position as the sixth most attractive investment destination in Africa for the third year in a row, according to Rand Merchant Bank's (RMB) Where to Invest in Africa 2026/27 report. A senior First National Bank (FNB) Ghana executive stated that this ranking understates the country's economic recovery. The report provides an assessment of Africa's most promising investment opportunities. Ghana's consistent ranking indicates stability in its economic environment.

The RMB report is a highly regarded publication that evaluates investment opportunities across Africa. Ghana's retention of its sixth-place ranking demonstrates the country's resilience in attracting investments despite economic challenges. Other countries in the top six include Egypt, South Africa, Morocco, Kenya, and Ethiopia. The report assesses various factors, including economic growth, business environment, and infrastructure.

According to FNB Ghana, the country's economic recovery is stronger than its current ranking suggests. The bank's executive believes that Ghana's economic fundamentals and growth prospects are more favorable than reflected in the RMB report. This perspective highlights the potential for Ghana to improve its ranking in future assessments. The country's investment climate has been bolstered by various initiatives to enhance business operations.

Ghana's ranking is a positive indicator for investors seeking opportunities in Africa. The country's stability and growth prospects make it an attractive destination for investments. The government has implemented policies aimed at improving the business environment, such as streamlining regulatory processes and promoting entrepreneurship. These efforts have contributed to Ghana's consistent ranking in the RMB report.

The Ghana Investment Support Programme (GHISP) has launched a free Environmental, Social, and Governance (ESG) Toolkit for Small and Medium-sized Enterprises (SMEs). This resource aims to help fund managers, transaction advisors, and SMEs meet investors' requirements. The toolkit provides practical guidance on ESG considerations, enhancing the attractiveness of Ghanaian businesses to investors.

Other Ghanaian businesses and organizations have also taken steps to support investments and economic growth. GCB Bank PLC has introduced new financing facilities, digital payment solutions, and business development initiatives to support micro, small, and medium enterprises (MSMEs). These initiatives aim to improve access to capital and help local businesses expand. Affinity Africa, a leading digital banking platform, has also been promoting financial inclusion.

The New Economy programme is expected to push Ghana towards an investment-grade credit rating. Dr. Ato Forson emphasized the importance of this programme in enhancing the country's creditworthiness. With these developments, Ghana is poised to strengthen its position as a prime investment destination in Africa. The government's efforts to promote investments and economic growth are expected to yield positive results.

Key points

• Ghana ranks 6th in Africa for investments for third consecutive year.
• The country's economic recovery is stronger than its current ranking suggests.
• Ghana's investment climate has been bolstered by various initiatives to enhance business operations.