Accra, April 20, – The Ghana Investment Promotion Centre (GIPC) has called on diaspora investors to seize emerging opportunities under the government’s 24-hour economy initiative aimed at expanding economic activity and boosting productivity.
The Centre said the policy is opening up new sectors, extending business operations beyond traditional hours, and creating fresh investment avenues across the economy.
Mr Simon Madjie, Chief Executive Officer of GIPC, 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, D.C.
The forum brought together Ghanaian professionals in the diaspora, financial sector officials, and investors to explore ways of channelling diaspora capital into priority development sectors.
These include small and medium-sized enterprises (SMEs), housing, agriculture, manufacturing, ICT, healthcare, tourism, the creative arts, green industrialisation, and climate-smart initiatives.
Mr Madjie noted that Ghana offers access to a domestic market of about 34 million people, supported by democratic stability, rule of law, and a relatively developed financial system.
He said diaspora remittances continue to outperform foreign direct investment inflows and should be leveraged as productive capital for long-term economic returns.
“Ghana is open for business — the macroeconomic foundations are more stable than they have been in years, and the diaspora is not just welcome but needed,” he said.
He further highlighted GIPC’s diaspora investment framework, including dedicated Diaspora and Aftercare Desks, which provide regulatory guidance, information support, and investment facilitation services.
According to him, the Centre also maintains an in-house land bank to reduce risks associated with land acquisition and improve investor confidence.
Mr Madjie added that the removal of minimum capital requirements for foreign investors and strengthened legal protections were part of reforms to improve the ease of doing business.
Special Envoy on Reparations to the President, Dr Ekwow Spio-Garbrah, also urged a shift from consumption-based remittances to investment-led diaspora participation in national development.
He reiterated government’s commitment to formalising remittance flows and strengthening regulatory frameworks to support diaspora investments.
GHBUSS
20 April 2026
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