Investigation into strategies for attracting non-oil-related non-extractive Foreign Direct Investment (FDI) to developing countries: The case of Ghana
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2015-05
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Abstract
As at 2008, the much awaited oil find in Ghana had been realized, and as a
natural phenomenon much attention had been shifted to the industrial sector
specifically the mining segment. Till date many are attracted to the industrial
sector specifically the mining segment due to its acclaimed high returns and
much FDI inflow.
The Ghana Statistical Service 2010 report showed that Ghana had increased its
income by 60% to over US$44 billion coupled with a growth rate of 14%.
However, theses figures did not commensurate the situation on ground and only
pointed out that the oil find had pushed up the economy and as a result the high
FDI inflows into the oil sector.
Ghana as a country has no much FDI inflows into the Non-oil and Non-extractive
sectors which proves to be worrying since it posses many issues of the
underdevelopment of these sectors as well as their inability to attract much FDI
inflows. Therefore, this paper sought out to investigate into strategies that could
be adopted to attract more Non-extractive FDI for the attainment of economic
growth.
In doing so the 2 main institutions in charge of the Non-oil FDI inflows were
investigated for data on FDI inflows as well as for the purpose of observing
organizational behavior and strategies used.
Interviews were conducted purposefully in order to ascertain expert opinions on
the topic, research question and research objectives in order for a
comprehensive analysis to be drawn.
In the end it was clear that indeed Ghana had low Non-extractive FDI inflows
which showed that those sectors were not attractive due to market failures and
lack of investments by both the government and locals.
Description
Thesis submitted to the Department of Business Administration, Ashesi University College, in partial fulfillment of Bachelor of Science degree in Business Administration, May 2013
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Keywords
Ghana, foreign direct investment, economic growth