Bank of Ghana, Commercial Banks to launch investment-linked remittance products

By Prince Antwi June 20, 2026

The Bank of Ghana (BoG) is set to collaborate with commercial banks to develop investment-linked remittance products aimed at directing a larger portion of diaspora inflows into business expansion, infrastructure development, and long-term capital investment.

The initiative forms part of the central bank’s broader strategy to harness improving macroeconomic conditions and a stronger banking sector to drive productive economic activity and deepen Ghana’s financial markets.

Speaking during an engagement with chief executives of commercial banks in Accra, Governor Dr. Johnson Pandit Asiama disclosed that the central bank would work closely with banking industry product leaders and other stakeholders to create mechanisms that encourage remittance recipients to invest funds rather than use them primarily for consumption.

According to Dr. Asiama, the initiative has the potential to strengthen financial markets, improve economic resilience, and contribute to sustainable long-term growth.

The announcement comes at a time when Ghana’s external sector continues to show signs of improvement. The country recorded a current account surplus of US$3.1 billion in the first quarter of 2026, supported by strong export earnings from gold and cocoa, alongside steady remittance inflows.

In addition, Gross International Reserves increased to US$14.4 billion, equivalent to 5.7 months of import cover, providing a stronger buffer against external economic shocks.

The governor noted that the initiative also aligns with the central bank’s efforts to encourage banks to provide greater support to productive sectors of the economy as macroeconomic stability strengthens.

He stressed that the long-term health of the financial system depends heavily on the performance of the real economy, which generates quality lending opportunities, employment, and sustainable economic growth.

Dr. Asiama further urged banks to take advantage of declining interest rates, advances in financial technology, and a more stable economic environment to develop innovative financial products tailored to the needs of households and businesses.

The remittance investment programme was unveiled against the backdrop of what the central bank describes as a resilient economy, despite prevailing global uncertainties.

Recently, the Monetary Policy Committee maintained the policy rate at 14 per cent, citing balanced risks to inflation and economic growth. The decision, according to the central bank, is intended to preserve price stability while supporting economic recovery and private-sector credit expansion.