Governor of the Bank of Ghana, Johnson Asiama, has revealed that Ghana recorded nearly $7.8 billion in remittance inflows by the end of 2025, underscoring the growing importance of diaspora contributions to the economy.
The figure represents a sharp rise from the $4.6 billion recorded in 2024, reflecting a sustained increase in transfers from Ghanaians abroad, particularly those in the United States, which remains the largest single source of remittances.
Speaking at a roundtable on the “Central Bank Bridge: Remit2Invest” initiative, Dr. Asiama noted that remittances now account for about six percent of Ghana’s gross domestic product and have surpassed foreign direct investment.
“Remittance inflows remain a cornerstone of Ghana’s external sector… we recorded nearly $7.8 billion by the end of last year,” he said, adding that their scale highlights their critical role in supporting economic stability.
Improving Macroeconomic Stability
The Governor also pointed to improvements in Ghana’s macroeconomic environment, citing easing inflation, a more stable exchange rate, and stronger external reserves.
“Our macro-economic framework has been recalibrated… to ensure stability, predictability, and investor confidence,” he explained, noting that the financial system continues to demonstrate resilience.
He added that strengthened gross international reserves have improved import cover, while prudent policy measures have supported the relative stability of the cedi.
Despite the growth in remittance inflows, Dr. Asiama stressed the need to redirect these funds from consumption toward productive investment.
“My objective is… to transform our remittance flows into formal foreign exchange and channel them into investable capital,” he said, highlighting the importance of integrating diaspora funds into the financial system.
Diaspora as a Strategic Asset
The Governor described the Ghanaian diaspora as a key driver of economic transformation, not only as a source of foreign exchange but also as a channel for innovation and global market access.
“The Ghanaian diaspora is a strategic asset… a bridge to global capital markets,” he stated, while cautioning that unlocking its full potential will require deliberate policies and structured engagement.
As Ghana seeks to consolidate recent economic gains, authorities are increasingly looking to diaspora capital as a sustainable pillar for growth, investment, and long-term resilience.
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