Money sent to Ghana from the United Kingdom has dropped noticeably, according to recent data from the country’s central bank. Between January and September 2025, transfers from the UK accounted for about 17.5 percent of total remittances, a sharp decline compared to the same period the previous year when the UK contributed a much larger share.

Despite the reduction, the UK remains one of Ghana’s key sources of funds from abroad. However, officials believe the trend highlights the need to rethink how money sent by Ghanaians living overseas supports the economy.

The Bank of Ghana says remittances play a critical role in household welfare, helping families cover living costs such as education, healthcare, and housing. Still, the central bank wants to move beyond using these inflows mainly for consumption and instead channel them into productive investments that can drive long-term economic growth.

To achieve this, the Bank of Ghana is exploring new financial products specifically designed for the Ghanaian diaspora. These may include structured investment options that allow people living abroad to invest in local businesses, infrastructure projects, housing developments, and agriculture rather than only sending money for short-term needs.

Authorities also see technology as a key part of the solution. Digital financial platforms and regulated fintech services are expected to make it easier for Ghanaians abroad to invest directly in the local economy while maintaining transparency and security.

The proposed shift forms part of a broader strategy to strengthen Ghana’s financial system, attract stable foreign inflows, and reduce dependence on short-term funds. By encouraging diaspora investment, the central bank hopes to turn overseas earnings into a stronger foundation for sustainable economic development