Bank of Ghana targets diaspora funds as key driver of long-term investment growth

By:  Nana Appiah Acquaye

The Bank of Ghana has outlined a strategic shift aimed at transforming diaspora remittances into long-term investment capital to support national development, according to remarks made by Governor Dr. Johnson Pandit Asiama.

Speaking at the maiden Diaspora Roundtable held in Alexandria, Virginia, United States, the Governor described the Ghanaian diaspora as a strategic national asset with growing importance to the country’s economic transformation agenda.

He noted that remittance inflows reached nearly 7.8 billion US dollars in 2025, surpassing foreign direct investment for the same period, and emphasized the need to move beyond consumption-based inflows toward investment-driven engagement.

According to Dr. Asiama, the Bank of Ghana’s next phase of policy direction will focus on converting diaspora income into sustainable investment capital that can contribute more directly to Ghana’s development priorities.

He further indicated that the central bank is implementing measures to expand formal remittance channels and improve transparency in the foreign exchange market, alongside new initiatives designed to unlock diaspora participation in domestic investment opportunities.

The Governor stated that strengthening financial linkages with the diaspora forms part of a broader effort to deepen capital markets, enhance financial inclusion, and support long-term economic resilience.

The roundtable formed part of ongoing engagements aimed at strengthening financial ties between Ghana and its global diaspora community.