Mobilising diaspora capital for Ghana’s growth: A policy and market study

Policy brief Firms, Trade and Sustainable Growth

Ghana is a leading African country in diaspora engagement and has established frameworks to position its diaspora as key contributors to national growth. This report examines the current state of diaspora investment, identifies structural bottlenecks in both the public and private sectors, and outlines practical steps to mobilise diaspora capital more effectively for sustainable long-term growth.

  • This brief is an abridged version of the full report, Mobilising diaspora capital for Ghana’s growth: A policy and market study. It is tailored for Ghanaian government policymakers to distil the report's key messages and support informed discussion and next steps.
  • Throughout the consultations, it was evident that significant efforts have already been made to mobilise diaspora investment. There is generally a strong appetite across governments, an enabling policy framework, and a consensus that the diaspora adds value not only in terms of financial capital but also as partners who bring know-how and market access. This is coupled with a shared understanding of the need to structure and encourage diaspora investment in ways that harness these value-adds and enable it to become a scalable engine in Ghana's growth journey. However, despite this demand, several bottlenecks limit its scale and impact. To enable diaspora investment to flow in an organised, scalable, and sustainable manner, Ghana must address several gaps in bridging policy to productive implementation. This policy brief outlines three of the key policy findings and suggestions.
  • Specifically, the key messages covered in the policy brief relate to the following recommendations:
    • Addressing the trust deficit
    • Build the evidence base to target the right diaspora
    • Ensuring institutional harmonisation