Determinants of foreign direct investment in Ghana

New Ghanaian governments since the early 1980s have placed more weight on the maintenance of macroeconomic stability. However, as this study shows, with the important exception of major new investments in gold mining, these expectations have been largely disappointed and confidence has been slow to return.

While raising the levels of domestic saving and investment remains crucial to the sustained growth of Ghana's economy, policies which successfully attract foreign investors also have a potentially important contribution to make.