It says the value of Foreign Direct Investment component of the total is US$1.11 billion, a significant increase compared to US$551.30 million recorded in 2009.
Initial capital transfers also recorded in the year amounts to US$58.03 million while 119,578 jobs are expected to be created from the projects recorded for 2010.
Mr George Aboagye, Chief Executive Officer of GIPC, who spoke to Joy News after a press briefing in Accra, said the success should be attributed to well planned and focused investment promotional activities and services offered to existing and potential investors.
"We did a lot of promotion and this time the promotion we undertook was high powered most of the time. We went out with the President, we went out with the Vice President and we are following up on the job and leads that resulted from this credible leadership in terms of investment promotion," he indicated.
He further explained that the private sector also played a significant role in the process any time they go out there to attract investors insisting that "we have worked in order to enhance government's agenda as well as private sector agenda."
According to the report, out of the 385 registered projects, 249 were wholly-owned foreign enterprises and 136 were joint ventures between Ghanaians and foreign partners.
The joint venture projects were valued at GH¢ 163.91 million and the wholly-owned foreign enterprises were valued at GH¢ 1.63 billion.
The Foreign Direct Investment (FDI) component of the estimated value of the projects registered during the year amounted to GH¢1.55 billion and the local currency component of GH¢ 239.01 million.
China registered the highest number of 67 projects in 2010, while Bermuda topped the list of countries with the largest value of investments in the year worth $300 million.
The report further states that "initial capital transfers recorded this year amounts to US$58.03 million and 119,578 jobs are expected to be created from the projects recorded for the year 2010."
Out of this, 103,099 jobs would be for Ghanaians and the remaining 16,479 for expatriates.
Story by Derick Romeo Adogla/Myjoyonline.com/Ghana
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