Chief Executiy Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, says his outfit is expecting to rake in excess of $3 billion as investments from African diasporas.
The projection he noted, is based on the annual remittances received formally into country.
Ghana, in 2019 alone, received $3.5 billion in remittances through formal channels. The country on average receives $2 billion annually in remittances.
Research has revealed, that the amount received could be much higher than the annually reported amount as a lot more remittances go through informal channels.
Speaking to norvanreports in an interview on the sidelines of the first ever Diaspora Business Breakfast Meeting organized by GIPC, Mr Grant noted, the billions of dollars received through remittances demonstrates the investment potential of diasporas which needs to be tapped into.
Speaking further on the need to attract investments from Ghanaians in the diaspora and the African diaspora in general, Mr Grant asserted that, diasporas can play a constructive and critical role in the development of country as they come along with massive amounts of capital and technology.
The Diaspora Business Breakfast Meeting held under the theme, Creating Connections – Building Ghana Together, is aimed at harnessing the network of opportunities within the diaspora and engage diasporas ready and willing to invest in the Ghanaian economy to support the Government of Ghana’s Ghana Beyond Aid agenda and also re-integrate members of the diaspora into the Ghanaian economy.