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 African Business Network 21
and resources sectors. Cocoa and gold continue to dominate in terms of exported products, along with oil following a spate of onshore and o shore discoveries during the last decade.
Consequently, it has been the nation’s oil industry that has received the most attention from foreign investors throughout recent years.
At the end of 2013, Ghana was the fourth-
largest recipient of foreign direct investment (FDI) across sub-Saharan Africa, but the
dip in the national economy, combined
with the simultaneous collapse in global oil prices meant that foreign investment levels decreased by 31% in 2015.
However, the ongoing recovery in commodity prices is seeing oil investors return to Ghana, with signi cant projects headed by Tullow and Eni set to enter production over the course of 2017.
Tantalising investment opportunities are not just limited to Ghana’s resources sector, with capital city Accra emerging as a leading hub for commercial activity across the continent.
Accra is the bustling epicentre of Ghana’s burgeoning  nancial services industry, which range from banking and insurance services to  nancial markets.
Growing in tandem with the  nancial services sector is Accra’s construction industry, as companies look to capitalise on  nancial opportunities in the city with world-class commercial o ce space.
Having weathered an economic storm, Ghana is now sailing towards greater prosperity
and remains a key sub-Saharan market for foreign investors. The revival of West Africa’s second largest economy has been con rmed by its rise to fourth position in EY’s latest Africa Attractiveness report.

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