The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has revealed that Ghana recorded about $7.8 billion in remittance inflows by the end of 2025, underscoring the growing importance of diaspora funds.
This represents a significant increase from about $4.6 billion in 2024, reflecting a steady upward trend driven by Ghanaians living abroad, particularly in the United States.
Speaking at a roundtable on the “Central Bank Bridge: Remit2Invest” initiative in the United States on Sunday, April 19, 2026, Dr Asiama noted that remittances now account for roughly 6% of Ghana’s gross domestic product and have surpassed foreign direct investment.
He further acknowledged improvements in Ghana’s macroeconomic environment over the past year, including easing inflationary pressures, a more stable exchange rate, and stronger international reserves.
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“Over the past year, our macroeconomic framework has been recalibrated to ensure stability, predictability, and investor confidence. Inflation dynamics, as some of you will be aware, have improved significantly,” he said.
“The external sector remains resilient, and our financial system continues to demonstrate soundness and adaptability. Our gross international reserves have strengthened, improving import cover, while the cedi has shown considerable resilience, supported by appropriate policy tightening and effective liquidity management,” he added.
Dr Asiama explained that the Bank of Ghana is focused on transforming remittance inflows into formal foreign exchange and investment capital.
“My objective is to set out, 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 investible capital through the financial system,” he said.
He reiterated the sustained importance of remittances to Ghana’s economy.
“Remittance inflows remain a cornerstone of Ghana’s external sector. In 2024, before I came on board, Ghana recorded approximately $4.6 billion in remittances. These flows continued to rise through 2025, reaching nearly $7.8 billion by the end of last year. At roughly 6% of GDP, remittances now exceed foreign direct investment, underscoring their sustained importance,” he stated.
Dr Asiama stressed the need to shift from consumption-driven remittances to investment-oriented diaspora capital.
“The Ghanaian diaspora is a strategic asset. It 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, from consumption-driven remittances to investment-oriented diaspora capital,” he added.
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