A coalition of government and financial institutions has launched coordinated efforts to redirect Ghana’s substantial diaspora remittances toward productive investments at the 2025 Ghana Diaspora Investment Forum.
New data reveals these inflows reached $6.65 billion last year – nearly four times higher than foreign direct investment – with stakeholders now developing specialized financial instruments to channel funds into renewable energy, waste management and job creation initiatives.
The forum, organized by Global Affairs Canada, Fidelity Bank and GIZ Ghana, featured the introduction of two landmark vehicles: a Diaspora Renewable Energy Fund and an expanded WIDU.africa platform that has already converted remittances into business capital for 1,700 Ghanaian entrepreneurs.
Canadian High Commissioner Myriam Montrat emphasized the need for policy reforms to position Ghana as a premier investment destination, while EU Ambassador Irchad Razaaly highlighted the untapped potential of migration-development synergies.
With Ghana’s diaspora population exceeding 330,000 in North America alone, the initiative marks a strategic shift from consumption-focused remittances to sustainable development financing. Partners committed to establishing transparent monitoring systems to ensure the new investment frameworks deliver measurable economic impact.
