Ghana news briefing
BoG Governor urges banks to develop innovative diaspora investment products
Synthesised from 2 Ghanaian sources
Dr Johnson Asiama Dr Johnson Pandit Asiama, Governor of the Bank of Ghana (BoG), has urged commercial banks to develop products that channel diaspora remittances into savings and investment.
The Governor urged banks to move beyond traditional money transfer services and offer bank-led investment programmes to mobilise diaspora resources for national development.
He said a recent BoG survey of diaspora investment products showed that banks lacked dedicated, off-the-shelf products specifically designed to meet the needs of Ghanaians living abroad.
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