Ghana targets diaspora capital to accelerate industrialisation

Ghana's Ambassador to the United States, Victor Smith, has underscored the critical role of diaspora investment in driving job creation, enterprise growth and economic transformation in Ghana.

Speaking at the Made in Ghana FIFA World Cup 2026 Expo in Boston on Monday, June 22, 2026, the Ambassador said Ghana's development agenda would require stronger partnerships among local businesses, foreign investors and members of the Ghanaian diaspora.

According to him, the Ghanaian community abroad remains one of the country's most valuable assets, contributing not only through remittances but also through investments, technology transfer, skills development and professional expertise.

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"The vision here at my embassy is to seek partnerships with foreign investors so they can come and create jobs and opportunities with Ghanaians in Ghana. Our young people need jobs, and that remains one of my primary motivations for taking up this position as ambassador," he stated.

Smith noted that attracting investment into productive sectors of the economy remains a key priority for the Ghana Mission in Washington.

He added that efforts are underway to connect Ghanaian businesses with diaspora entrepreneurs and international investors seeking opportunities on the continent.

"We want you to partner with Ghanaian businesspeople and professionals in the diaspora who have an interest in returning to the motherland and contributing to Ghana's development," he added.

He stressed that deeper collaboration between local enterprises and Ghanaian professionals abroad could unlock new sources of capital, enhance innovation, improve productivity and strengthen the competitiveness of Ghanaian businesses in the global marketplace.

The Ambassador further indicated that beyond securing markets for Made-in-Ghana products, the embassy is actively pursuing investment opportunities that can support industrialisation, create sustainable employment and accelerate economic growth.

The Made in Ghana FIFA World Cup 2026 Expo brought together Ghanaian entrepreneurs, exporters, investors and members of the diaspora to showcase locally made products and explore new trade and investment opportunities ahead of Ghana's participation in the FIFA World Cup.

ANAS/MA

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