President John Mahama has announced that Ghana’s diaspora has become the country’s most reliable development partner, revealing that remittances from citizens abroad hit an unprecedented $7.8 billion in 2025.
Delivering his State of the Nation Address to Parliament on Friday, the President described the figure as the “largest annual inflow ever recorded in Ghana’s history,” highlighting the crucial role of expatriate Ghanaians in stabilizing the national economy.
“Mr. Speaker, I’m also pleased to report that remittances from our relatives abroad, the Ghanaian diaspora, reached a historic high of $7.8 billion in 2025,” President Mahama announced to the chamber.
He attributed the record-breaking inflow to a combination of confidence in the economy’s direction and the “enduring patriotism” of Ghanaians living overseas. The funds, he explained, are having a tangible impact on the ground, filtering directly into the backbone of society.
“Mr. Speaker, these remittances they bring back home, support households, they finance education, they build homes, they provide seed money for businesses, and best of all, they stabilize our foreign exchange position,” he stated.
The President’s remarks underscore the growing importance of remittances as a pillar of the Ghanaian economy, often surpassing traditional foreign direct investment and aid flows. Unlike governmental or institutional financial support, these funds go directly to families and small-scale entrepreneurs.
In a striking comparison, President Mahama lauded the diaspora for their quiet but powerful contribution, noting that their support comes without the bureaucratic hurdles associated with international partnerships.
“In many respects, our diaspora has become one of the country’s most reliable development partners,” the President told Parliament.
“Without contracts, conditionalities, or fanfare, they are easily one of our most reliable development partners.”
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Source: www.myjoyonline.com