The Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, says that the apex bank 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.
Speaking at the launch of the Ghana Investment Promotion Centre (GIPC) 2025 Annual Investment Report, hosted by the Bank of Ghana, Dr. Asiama said that the central bank was working with financial institutions, fintech companies, investment partners and other stakeholders to develop trusted and innovative financial products tailored to the needs of Ghanaians living abroad.
He explained that the initiative is aimed at turning diaspora savings and remittances into productive capital to support Ghana’s long-term economic transformation.
“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,” Asiama said.
He described Ghana’s diaspora as “a vital pillar of Ghana’s foreign exchange inflows”, saying the strong remittance performance recorded in 2025 demonstrated the enduring commitment of Ghanaians abroad to the country despite difficult global and domestic economic conditions.
According to Asiama, the focus must now shift from simply sustaining remittance flows to creating effective channels that encourage diaspora funds to finance businesses, innovation, infrastructure and employment.
“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 said.
He explained that the Bank’s approach would bring together banks, fintechs, investment institutions and other relevant stakeholders to co-create financial solutions that reflected the realities and aspirations of the Ghanaian diaspora.
The ultimate objective, he said, was to develop products that could be successfully taken to market and potentially become a flagship national offering for mobilising diaspora capital.
“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,” local media report quoted Dr. Asiama as saying.
It added that the initiative forms part of broader efforts to consolidate Ghana’s economic recovery and restore investor confidence.
GIK/APA