The Bank of Ghana (BoG) has called for a shift in the use of diaspora capital, urging Ghanaians living abroad to channel remittances into productive investments that can support long-term economic growth.
Speaking at the London–Accra Economic Growth Summit, Governor of the Bank of Ghana, Dr Johnson Asiama, said the initiative seeks to leverage the strong social and cultural ties between London and Accra to generate sustainable economic benefits.
“Diaspora inflows have long supported household consumption and macroeconomic stability, but beyond consumption, remittances hold even greater potential as a driver of productive investment,” Dr Asiama stated.
The London–Accra campaign, launched in July 2025 by London Mayor Sir Sadiq Khan, positions the diaspora as a vital bridge connecting ideas, markets and capital between the two cities.
Dr Asiama noted that remittances from the United Kingdom accounted for 17.5 per cent of Ghana’s total inflows between January and September 2025, a decline from 28 per cent recorded over the same period the previous year. He said the figures point to significant potential for growth if supported by targeted incentives and investment-friendly frameworks.
“Capital market deepening is a key priority. Well-functioning domestic debt and equity markets reduce reliance on short-term flows, improve price discovery, and enhance resilience to external shocks,” he explained.
He added that the summit provides an opportunity to move beyond discussions to practical implementation by directly linking diaspora capital to viable investment opportunities.
“Today’s summit provides an important platform to move from dialogue to implementation, linking diaspora capital to investment opportunities and supporting long-term financial stability,” Dr Asiama said.
The summit is expected to catalyse a series of initiatives, including the development of a national remittance strategy and continent-wide investment roadshows, aimed at strengthening Ghana’s engagement with its diaspora and reinforcing economic resilience in both Ghana and the United Kingdom.
