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🇬🇭 Ghana /Economy & Trade

Bank of Ghana Aims to Channel Diaspora Remittances into Productive Investments

From Ghanaian Times · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • The Bank of Ghana is intensifying efforts to attract diaspora remittances and direct more funds toward productive investments, enterprise development, and job creation.
  • The central bank is collaborating with financial institutions and fintech companies to develop innovative financial products for Ghanaians living abroad.
  • This initiative aims to transform diaspora savings into capital for Ghana's long-term economic growth, building on strong remittance inflows in 2025.

Accra – The Bank of Ghana (BoG) is actively seeking to increase the flow of remittances from the Ghanaian diaspora, aiming to channel a larger portion of these funds into investments that foster economic growth and create jobs. Governor Dr. Johnson Pandit Asiama announced the central bank's commitment to developing trusted and innovative financial products tailored to the needs of Ghanaians living abroad.

We are committed to addressing what remains the missing link in our diaspora investment agenda: the development of trusted, innovative, and market-responsive financial products and solutions that inspire confidence, deepen engagement, and mobilise remittances towards national development priorities.

— Dr Johnson Pandit AsiamaThe Governor of the Bank of Ghana outlined the central bank's strategy for harnessing diaspora remittances.

Speaking at the launch of the Ghana Investment Promotion Centre (GIPC) 2025 Annual Investment Report, hosted by the BoG, Dr. Asiama highlighted the critical role of diaspora remittances as a "vital pillar of Ghana’s foreign exchange inflows." He noted that the strong performance in 2025 demonstrated the diaspora's commitment to the country, even amidst challenging global and domestic economic conditions.

The governor emphasized a strategic shift from merely sustaining remittance flows to actively encouraging these funds to finance businesses, innovation, and infrastructure. "The challenge before us is not merely to sustain these flows, but to channel them more effectively into productive investment, enterprise development, innovation, and job creation," he stated.

The challenge before us is not merely to sustain these flows, but to channel them more effectively into productive investment, enterprise development, innovation, and job creation.

— Dr Johnson Pandit AsiamaDr. Asiama stressed the need to move beyond simply attracting remittances to actively directing them towards productive economic activities.

To achieve this, the BoG plans to convene banks, fintech companies, and investment institutions to co-create financial solutions. The ultimate goal is to develop market-ready products that can serve as a national offering for mobilizing diaspora capital. This effort is part of a broader strategy to consolidate Ghana's economic recovery and rebuild investor confidence, which has already seen approximately $2.61 billion in new investments across 253 projects in 2025.

The opportunity before us therefore extends beyond attracting investment commitments; it is about building a sustainable ecosystem that converts savings into productive capital, strengthens trust between Ghana and its global diaspora, and creates pathways for long-term economic participation.

— Dr Johnson Pandit AsiamaThe Governor described the broader objective of the initiative to create a robust system for diaspora capital mobilization.
DistantNews Editorial

Originally published by Ghanaian Times in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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