Shift from remittances to investments - GoldBod CEO tells diasporans

The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, has called on the African diaspora to move beyond remittances and become strategic investors in Africa’s transformation.

He said the continent’s future must be built on ownership, value creation, and productive partnerships.

Speaking at the Africa Rising Symposium organised by EMY Africa in London on Thursday, July 30, 2026, Gyamfi said Africa’s rise should no longer remain a slogan but become a tangible reality driven by Africans both at home and abroad.

He described the global diaspora as one of the continent’s greatest strategic assets, possessing the capital, expertise, technology, and networks needed to accelerate development.

The GoldBod CEO noted that while remittances have sustained millions of families, Africa now requires long‑term investments that create enterprises, generate employment, and strengthen institutions.

“Remittances are lifelines, but investments build self‑sustaining engines. Remittances help households survive, but investments help economies transform,” he stated.

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Gyamfi urged diaspora members to channel resources into manufacturing, agribusiness, IT, healthcare, infrastructure, green energy, and value addition, while also contributing skills, mentorship, and governance expertise to support Africa’s next generation of entrepreneurs.

He further challenged governments to create enabling environments through policy stability, transparent institutions, and respect for contracts.

Commending President John Dramani Mahama for championing policies aimed at resetting Ghana’s economy and strengthening African ownership of strategic sectors, Gyamfi concluded with a call for a new partnership between the continent and its diaspora.

“Fellow Africans, Africa is rising. Let Africans rise with her,” he declared.

Under his leadership, GoldBod has prioritised the formalisation of Ghana’s gold trade, strengthened efforts to combat smuggling, promoted responsible sourcing, enhanced foreign exchange mobilisation, and supported the Bank of Ghana’s gold reserve accumulation programme all aimed at safeguarding national assets and ensuring sustainable economic growth.

SA