Blog Category: News

In an interconnected global economy, foreign investment plays a pivotal role in driving growth, fostering innovation, and creating jobs. Governments around the world recognize the significance of attracting international capital and have designed a plethora of incentives to entice investors. From tax breaks to grants, these incentives aim to facilitate cross-border investments and enhance economic prosperity. Why Invest Abroad? Investors seek new markets, diversification, and access to resources beyond their home borders.

In an interconnected global economy, foreign investment plays a pivotal role in driving growth, fostering innovation, and creating jobs. Governments around the world recognize the significance of attracting international capital and have designed a plethora of incentives to entice investors. From tax breaks to grants, these incentives aim to facilitate cross-border investments and enhance economic prosperity. Why Invest Abroad? Investors seek new markets, diversification, and access to resources beyond their home borders.

In an interconnected global economy, foreign investment plays a pivotal role in driving growth, fostering innovation, and creating jobs. Governments around the world recognize the significance of attracting international capital and have designed a plethora of incentives to entice investors. From tax breaks to grants, these incentives aim to facilitate cross-border investments and enhance economic prosperity. Why Invest Abroad? Investors seek new markets, diversification, and access to resources beyond their home borders.

Between January and August 2023, six countries have set new records for foreign direct investment (FDI). These countries are: Morocco, Malaysia, Iraq, Democratic Republic of Congo and Finland. In addition to these six countries, another five countries – Saudi Arabia, Chile, Ukraine, Botswana and Slovenia – have recorded their largest announced FDI since before the global financial crisis ended in 2009.

Between January and August 2023, six countries have set new records for foreign direct investment (FDI). These countries are: Morocco, Malaysia, Iraq, Democratic Republic of Congo and Finland. In addition to these six countries, another five countries – Saudi Arabia, Chile, Ukraine, Botswana and Slovenia – have recorded their largest announced FDI since before the global financial crisis ended in 2009.

Inbound FDI into Ghana reached $1.5 bn in 2022, and increase of 25% on in 2021 at $1.2 bn. China was the largest source of inbound FDI and most investment was in the manufacturing & services sectors. 6,247 jobs created. Total in Africa was Egypt first in 2022 then South Africa and Ethiopia in terms of inbound investment value. In the same timeframe global FDI decreased by a third. A new Government initiative the Automotive Development Policy includes a component manufacturing policy to drive local content development of parts & accessories for maintenance and repair but also assembly, to drive the local automotive sector. A new training centre at the University of Ghana ‘Engineering Sciences Training Centre’ in the Engineering school has also been announced. Toyota Ghana has also announced a second facility including a new body & paint workshop, a service workshop, spare part sales & a vehicle delivery centre. A recent trade mission from Sweden and Denmark hosted in Accra to establish local partnerships and engage with relevant government agencies and local businesses in Ghana took part in lectures and B2B meetings.

£50 million in funding is available for innovation in four key areas of manufacturing. The Government is funding £11 million through the Advanced Propulsion Centre in the Advanced Route to Market Demonstrator competition (ARMD2) for innovative ideas in electric motorcycle and emergency vehicles with £22.7 industry matched funding. The Centre for Connected and Autonomous Vehicles (CCAV) is funding 43 companies £18.5 million including those which innovate in self-driving vehicles and sensors. The Faraday Institution through Innovate UK is funding £19 million of ideas in four battery research and innovation projects.

Vietnam’s Prime Minister visited the US last week with a view to attracting FDI into Vietnam in the technology and innovation sectors. Various Vietnamese Government sub-departments have signed MoUs with US organisations such as Synopsys and Cadence Design Systems which are both semiconductor chip design companies. In addition, an MoU was signed with Arizona State University which focuses on ‘information sharing’ and educational programs in the semiconductor and related fields. The US is Vietnam’s largest foreign investor with a total of 17% share. A new research 5-hectare centre is being built in the Hanoi region. Recently the US and Vietnam have upgraded trade relations to ‘Comprehensive Strategic Partnership.’ In 2022 China was Vietnam’s top trading partner with bilateral trade at USD$176 billion followed by the US with $124 billion, South Korea with $86 billion and Japan at $48 billion.

Vietnam’s Prime Minister visited the US last week with a view to attracting FDI into Vietnam in the technology and innovation sectors. Various Vietnamese Government sub-departments have signed MoUs with US organisations such as Synopsys and Cadence Design Systems which are both semiconductor chip design companies. In addition, an MoU was signed with Arizona State University which focuses on ‘information sharing’ and educational programs in the semiconductor and related fields. The US is Vietnam’s largest foreign investor with a total of 17% share. A new research 5-hectare centre is being built in the Hanoi region. Recently the US and Vietnam have upgraded trade relations to ‘Comprehensive Strategic Partnership.’ In 2022 China was Vietnam’s top trading partner with bilateral trade at USD$176 billion followed by the US with $124 billion, South Korea with $86 billion and Japan at $48 billion.

Vietnam’s Prime Minister visited the US last week with a view to attracting FDI into Vietnam in the technology and innovation sectors. Various Vietnamese Government sub-departments have signed MoUs with US organisations such as Synopsys and Cadence Design Systems which are both semiconductor chip design companies. In addition, an MoU was signed with Arizona State University which focuses on ‘information sharing’ and educational programs in the semiconductor and related fields. The US is Vietnam’s largest foreign investor with a total of 17% share. A new research 5-hectare centre is being built in the Hanoi region. Recently the US and Vietnam have upgraded trade relations to ‘Comprehensive Strategic Partnership.’ In 2022 China was Vietnam’s top trading partner with bilateral trade at USD$176 billion followed by the US with $124 billion, South Korea with $86 billion and Japan at $48 billion.