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Ernest Addison

Former Governor, Bank of Ghana

Search every verified Ernest Addison interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During a roundtable discussion on April 19, 2026, Bank of Ghana Governor Ernest Addison addressed the role of diaspora capital in Ghana's economy. He described the diaspora as a source of foreign exchange inflows, a channel for technology transfer, and a bridge to global capital markets, while calling for a transition from consumption-oriented to investment-oriented diaspora capital. Addison stated that remittances rose from approximately $4.6 billion in 2024 to nearly $7.8 billion in 2025, which he said now exceed foreign direct investment and represent about 6% of GDP. Addison said Ghana's macroeconomic framework has been recalibrated to ensure stability, predictability, and investor confidence, noting that inflation dynamics have improved and gross international reserves have strengthened. He outlined recent policy actions including enhancing formal remittance capture, strengthening transparency in the foreign exchange market, supporting digital cross-border payment systems, and exploring diaspora bonds and structured investment vehicles. Addison stated that the goal is to ensure that remittances enter the banking system, adding that if every dollar remitted enters the Ghanaian system, the cedi will stabilize.

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Notable quotes

“If we can make sure that every dollar, every pound sterling that a Ghanaian remits to Ghana, if you can make sure that all such funds enter into the Ghanaian system, the cedi will stabilize. It will stabilize. The reason why there was so much instability in the past was because we were not able to track all such funds.”

“So, in conclusion, let me emphasize that the Ghanaian diaspora is not peripheral to our economy. It is actually central to our external stability, our investment strategy, and our economic transformation. And let me say that again, that the Ghanaian diaspora is not peripheral to our economy. You are not peripheral. You are central to our external stability, to our investment strategy, and our economic transformation ”

“We are exploring diaspora bonds and structured investment vehicles in collaboration with the designated entities, promoting foreign currency denominated investment products through supervised industry players, strengthening regulatory frameworks for cross-border flows, and establishing more structured and continuous diaspora engagement platforms.”

“My objective this evening is to uh is to set out with clarity the role of the Bank of Ghana and to engage you on how we can transform our remittance flows into formal foreign exchange and channel them into investable capital through the financial system data.”

“In 2024, that was before I came home, Ghana recorded approximately 4.6 billion dollars in remittances. These flows continued to rise through last year, 2025. We recorded nearly 7.8 billion US dollars by the end of last year. So, at roughly 6% of GDP in terms of in real terms, remittances now exceed foreign direct investment, underscoring their systemic importance.”

“Over the past 67 years the core functions of the Central Bank have expanded both in terms of scope and number of functions, reflecting technological change and greater integration with the global financial architecture. For example, the Bank of Ghana now licences and supervises mobile money operators and financial technology firms.”

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