The Ghana Investment Promotion Centre has called on diaspora investors to seize emerging opportunities under government’s 24 hour economy initiative, which is expected to expand business activity and open new growth sectors.
Chief Executive Officer of the GIPC, Simon Madjie, made the appeal at the Bank of Ghana’s Central Bank Bridge Remit2Invest forum held in Virginia, on the sidelines of the 2026 IMF World Bank Spring Meetings in Washington DC.
The forum brought together Ghanaian professionals in the diaspora and financial sector stakeholders to explore ways of channelling diaspora capital into key sectors of the economy.
These include small and medium sized enterprises, housing, agriculture modernisation, youth employment, manufacturing, real estate, tourism and hospitality, as well as technology driven sectors such as ICT, healthcare, green industrialisation, climate smart agriculture and digital transformation.
Mr Madjie said Ghana offers a market of about 34 million people, supported by democratic stability, rule of law and a relatively strong financial system.
He noted that diaspora remittances have consistently exceeded foreign direct investment inflows, urging Ghanaians abroad to treat such inflows as investment capital capable of generating sustainable returns.
He added that Ghana remains open for business, stressing that macroeconomic conditions have improved in recent years and that the diaspora is not only welcome but essential to national development.
The GIPC chief highlighted measures introduced to support investors, including diaspora and aftercare desks that provide regulatory guidance, information access and digital support to facilitate investment decisions.
He also indicated that the Centre provides assistance in accessing verified land through a structured land bank system aimed at reducing risks associated with land acquisition.
Mr Madjie further stated that government has removed minimum capital requirements for foreign investors and strengthened legal protections to reduce barriers and safeguard investments.
He encouraged diaspora investors to move beyond remittances and take equity stakes in Ghana’s economy to deepen their participation in development.
Special Envoy on Reparations to President John Dramani Mahama, Dr Ekwow Spio Garbrah, also addressed the forum, highlighting the need to shift from consumption based remittances to investment driven growth.
He reaffirmed government’s commitment to formalising remittance flows, reducing dependence on external borrowing, and strengthening regulatory frameworks to protect diaspora investments and encourage long term economic partnerships.
