BoG moves to harness diaspora remittances for productive investment – Governor
The Bank of Ghana (BoG) is stepping up efforts to attract more remittances into Ghana and channel a greater share of the funds into productive investment, enterprise development and job creation, the Governor, Dr Johnson Pandit Asiama, has said. It said the central bank was working with financial institutions, fintech companies, investment partners and other … The post BoG moves to harness…
The Bank of Ghana (BoG) is taking steps to attract more remittances from Ghanaians living abroad and invest a larger portion of those funds back into the country for productive purposes, according to Governor Dr Johnson Pandit Asiama. The central bank is collaborating with financial institutions, fintech firms, investors, and other partners to create trustworthy, innovative financial products tailored to the needs of the diaspora.
Speaking at the launch of the Ghana Investment Promotion Centre (GIPC) 2025 Annual Investment Report, Dr Asiama emphasized that the goal is to transform remittances into capital that supports Ghana’s long-term economic development. He highlighted that Ghana’s diaspora plays a crucial role as a significant source of foreign exchange inflows, and the 2025 remittance figures underscore their continued commitment.
The focus now shifts from merely maintaining these funds to directing them effectively into areas such as businesses, innovation, infrastructure, and job creation. Dr Asiama outlined the BoG's strategy to involve various stakeholders in creating financial solutions that address the unique circumstances and aspirations of the Ghanaian diaspora.
The ultimate aim is to develop products that can be successfully marketed and serve as a national model for mobilizing diaspora capital. This initiative is part of broader efforts to boost Ghana’s economic recovery and regain investor confidence. The Governor noted that Ghana has already attracted about US$2.61 billion in new investments across 253 projects in 2025, with 71 wholly Ghanaian-owned projects valued at nearly US$686 million, indicating growing trust among domestic investors.
Dr Asiama called on stakeholders to capitalize on this opportunity to deepen investment and strengthen the link between Ghana and its global diaspora. He stressed that the measure of success should be the positive impact on productivity, employment, incomes, and living standards, rather than just investment commitments.
Written by urgent.news from Ghanaian Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
