Governor of the Bank of Ghana, Dr. Johnson Asiama, has announced plans to roll out two flagship diaspora-driven initiatives, the National Remittance Strategy and a Diaspora Roadshow, aimed at boosting remittance inflows, a critical source of foreign exchange needed to stabilise the Ghanaian economy.
Dr. Asiama disclosed the initiatives at the London–Accra Economic Growth Summit 2026, held at Bank Square, an initiative jointly anchored by Ghana and the United Kingdom to deepen socio-economic, trade, and cultural ties between the two Commonwealth nations, while positioning diaspora engagement as a strategic pillar of economic growth.
The Governor’s strong focus on remittances was informed by data presented at the summit, which revealed a notable decline in inflows from the United Kingdom. According to the figures, remittances from the UK fell by approximately 12 per cent between January and September 2025, accounting for 17.65 per cent of total remittance inflows, compared to 28 per cent recorded over the same period in 2024.
“Remittances constitute a structurally important and counter-cyclical source of foreign exchange for Ghana, with the Ghanaian diaspora in the United Kingdom representing a major remittance corridor. In the period between January and September last year, remittance inflows from the UK accounted for about 17.5 per cent of total remittance receipts into the country.”
“This proportion marks a decline when compared to the same period in 2024, when the UK corridor contributed about 28 per cent, equivalent to more than a quarter of total inflows.”
Beyond the National Remittance Strategy and Diaspora Roadshow, Dr. Asiama outlined additional capital mobilisation instruments, including diaspora bonds and collective investment schemes, designed to channel funds into the economy through transparent and well-regulated frameworks to reverse the downward trend in remittance inflows and stimulate foreign direct investment.
He further stressed that diaspora investment remains a critical lever for supporting small and medium-sized enterprises, agricultural modernisation, job creation, skills transfer, and housing development, noting that these sectors form the backbone of inclusive and sustainable economic growth.
Reaffirming the Bank of Ghana’s openness to innovation, Dr. Asiama assured participants of regulatory support for diaspora-led financial solutions: “Our sandbox is open. If there’s a way you can innovate, engage in tokenisation, or promote direct diaspora investment, we are welcoming you and ready to engage.”
The London–Accra Economic Growth Summit 2026 brought together over 200 policymakers, investors, innovators, creatives, and industry leaders, serving as a platform to explore new investment pathways, strengthen bilateral economic cooperation, and reposition the Ghanaian diaspora as an active driver of national development rather than a passive source of remittance flows.
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