In welcome remarks at the Maiden Diaspora Economic Growth Summit, Bank of Ghana Governor Dr. Johnson Pandit Asiama set out how the central bank wants to harness diaspora remittances and related capital flows more deliberately for macroeconomic stability and long-term investment, alongside ongoing work on payment systems, regulatory frameworks and foreign exchange market reforms. He highlighted remittances as a countercyclical source of foreign exchange and noted that inflows from the United Kingdom represented 17.5% of total remittance receipts in January to September 2025, down from 27.6% in the corresponding period in 2024. The policy direction set out at the summit included targeted measures and incentive-based frameworks to scale up formal remittance flows, and a “next phase” focused on complementing remittances with investment-oriented instruments such as diaspora bonds, collective investment schemes and other capital market products, supported by capital market deepening and FX market reforms aimed at improving liquidity, transparency and price formation. During 2026, the Bank of Ghana plans targeted interventions including developing a National Remittance Strategy with the Ministry of Finance and running a Remittance Roadshow to broaden diaspora engagement.
Bank of Ghana 2026-01-06
Bank of Ghana outlines National Remittance Strategy plans and explores diaspora investment products to channel remittances into investment
Bank of Ghana Governor Dr. Johnson Pandit Asiama outlined plans at the Maiden Diaspora Economic Growth Summit to leverage diaspora remittances for macroeconomic stability and investment. The central bank aims to enhance formal remittance flows through targeted measures and incentives, and introduce investment-oriented instruments like diaspora bonds. In 2026, the Bank plans to develop a National Remittance Strategy and conduct a Roadshow to boost diaspora engagement.