{"id":355708,"date":"2026-01-06T19:55:09","date_gmt":"2026-01-06T19:55:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/355708\/"},"modified":"2026-01-06T19:55:09","modified_gmt":"2026-01-06T19:55:09","slug":"uk-remittance-share-drops-to-17-5-as-bog-urges-new-diaspora-investment","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/355708\/","title":{"rendered":"UK remittance share drops to 17.5% as BoG urges new diaspora investment"},"content":{"rendered":"<p>Remittance inflows from the United Kingdom remain a critical source of foreign exchange for Ghana, but new data from the Bank of Ghana (BoG) suggests the corridor is losing momentum \u2014 a trend authorities say must be urgently addressed through targeted policies and smarter use of diaspora funds.<\/p>\n<p>Between January and September 2025, remittances from the UK accounted for about 17.5% of total inflows into Ghana, according to the central bank.<\/p>\n<p>While still significant, the figure marks a notable decline from the same period in 2024, when the UK corridor contributed roughly 28%, representing more than a quarter of all remittance receipts.<\/p>\n<p>Speaking at the London\u2013Accra Economic Growth Summit at the Bank Square in Accra, Governor of the Bank of Ghana, Dr. Johnson Asiama, said the data highlights both the importance of diaspora inflows and the need to rethink how they are harnessed.<\/p>\n<p><a class=\"gofollow\" data-track=\"MTAsMCw2MA==\" href=\"https:\/\/theaddress.devtracoplus.com\/?utm_source=citinewsroom&amp;utm_medium=placement&amp;utm_campaign=the\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" data-lazyloaded=\"1\" width=\"728\" height=\"90\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/01\/728-by-90.jpg\"\/><\/a><\/p>\n<p>\u201cDiaspora inflows must be harnessed beyond consumption and deliberately channelled into sustainable investment \u2014 investment that drives long-term growth,\u201d Dr. Asiama said.<\/p>\n<p>He acknowledged that remittances already play a vital role in supporting household consumption, strengthening Ghana\u2019s balance of payments, and enhancing macroeconomic stability.<\/p>\n<p>However, he stressed that their full economic potential remains largely untapped.<\/p>\n<p>\u201cBeyond consumption, remittances hold even greater potential as a driver of productive investment,\u201d the Governor noted.<\/p>\n<p>Dr. Asiama explained that when strategically channelled, diaspora funds can help finance small and medium-sized enterprises, expand housing supply, modernise agriculture, and create sustainable employment opportunities for young people through structured knowledge and skills transfer programmes.<\/p>\n<p>He described remittances as a \u201cstructurally important and counter-cyclical source of foreign exchange\u201d for Ghana, particularly at a time when global capital flows remain volatile.<\/p>\n<p>Despite the recent decline, the Governor said there is \u201cconsiderable scope to scale up remittance inflows from the UK\u201d through well-targeted policy measures and incentive-based frameworks.<\/p>\n<p>At the Bank of Ghana, he added, efforts are underway to strengthen payment systems and regulatory frameworks to ensure remittance flows remain efficient, transparent, and supportive of foreign exchange market stability \u2014 positioning diaspora capital not just as a safety net, but as a long-term engine for growth.<\/p>\n<p><a href=\"https:\/\/citinewsroom.com\/2026\/01\/shoppers-begin-to-see-price-reductions-following-vat-reforms\/\" rel=\"nofollow noopener\" target=\"_blank\">Shoppers begin to see price reductions following VAT reforms<\/a><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Remittance inflows from the United Kingdom remain a critical source of foreign exchange for Ghana, but new data&hellip;\n","protected":false},"author":2,"featured_media":355709,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-355708","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/355708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=355708"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/355708\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/355709"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=355708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=355708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=355708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}