Ghana recorded nearly $7.8 billion in remittance inflows by the end of 2025, according to Dr Johnson Asiama, Governor of the Bank of Ghana.
This figure represents a sharp increase from the approximately $4.6 billion recorded in 2024, driven largely by an upward trend in transfers from Ghanaians living abroad, particularly those in the United States.
During a roundtable on the “Central Bank Bridge: Remit2Invest” initiative held in the United States on Sunday, 19 April 2026, the Governor confirmed that the US remains the single largest source of these funds.
Dr Asiama noted that remittances now account for roughly 6% of Ghana’s Gross Domestic Product, having officially surpassed foreign direct investment in scale.
He attributed this growth to improvements in the domestic macroeconomic environment over the past year, which saw easing inflationary pressures, a more stable exchange rate, and strengthened gross international reserves.
These gains, the Governor explained, are intended to restore investor confidence and provide a more predictable economic framework.
Regarding these developments, Dr Asiama stated: “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.”
The Governor further emphasised the necessity of transitioning from consumption-driven remittances toward investment-oriented diaspora capital. He argued that the Ghanaian diaspora represents a strategic asset that provides more than just foreign exchange; it acts as a conduit for technology transfer, innovation, and a vital bridge to global capital markets.
Expanding on this strategic vision, he added: “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.”
By: Rainbowradioonline.com/Ghana
