Dr. Johnson Asiama, Governor of the Bank of Ghana, has revealed that Ghana expects over $7.8 billion in remittance inflows by the end of 2025, highlighting the growing importance of diaspora finances.
The sum is a significant increase from the $4.6 billion reported in 2024, indicating a consistent upward trend in inflows, fuelled primarily by Ghanaians living abroad, particularly in the United States, which remains the country’s single largest source of remittances.
Speaking during a roundtable on the “Central Bank Bridge: Remit2Invest” project in the United States on Sunday, April 19, 2026, Dr. Johnson Asiama stated that remittances now account for around 6% of Ghana’s GDP and have exceeded foreign direct investment.
The governor also cited improvements in Ghana’s macroeconomic environment during the last year, such as lower inflationary pressures, a more stable currency rate, and higher gross international reserves.
These developments, he explained, are intended to restore investor confidence and ensure a more predictable economic environment.
“Over the past year, our macro-economic framework has been recalibrated. Recalibrated to ensure stability, to ensure predictability, and to ensure investor confidence. Inflation dynamics, as some of you will be aware, these have improved significantly.”
“The external sector remains resilient and our financial system continues to demonstrate soundness and adaptability.”
“Our gross international reserves have strengthened, improving imports cover while the cedi has shown considerable resilience supported by appropriate policy tightening and effective liquidity management.”
“My objective is to set up, with clarity, the role of the Bank of Ghana and to engage you on how we can transform our remittance flows into formal foreign exchange and channel them into investable capital through the financial system.”
“Remittance inflows remain a cornerstone of Ghana’s external sector. In 2024, before I came on, Ghana recorded approximately $4.6 billion in remittance.”
“This flows continues to rise through last year, 2025. We recorded nearly $7.8 billion by the end of last year. So, at roughly 6% of GDP in terms of the real term, remittances now exceed foreign direct investment, underscoring their sustained importance,” he said.
Dr. Johnson Asiama emphasised the need to shift from consumption-driven remittances to investment-oriented diaspora wealth.
He also highlighted the Ghanaian diaspora’s broader strategic worth, citing it as a vital source of foreign income, a conduit for technology transfer and creativity, and a link to global capital markets.
He stressed that harnessing this potential required systematic participation and focused policy interventions.
“The Ghanaian diaspora is a strategic asset. The diaspora represents, first, a critical source of foreign exchange inflows, second, a powerful channel for technology transfer and innovation, and third, an important bridge to global capital markets.”
“However, unlocking this potential requires a deliberate transition-a transition from consumption driven remittances to investment-oriented diaspora capital,” he reiterated.
Source: newsthemegh.com