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Ghana To Set Up Diasporan Savings And Investment Account

Ghana To Set Up Diasporan Savings And Investment Account

Following the hugely successful Year of Return campaign, the government is planning to set up a Diasporan Savings and Investment Account to make African Americans make direct investment to help develop the country.

According to a 3news.com report, the Minister for Finance, Ken Ofori-Atta, says the move is expected to attract about 3 billion dollars, the same level as remittances currently in a period of a year or two.

He added the move is to build on the successes of the Year of Return, which marked 400 years when the first African slaves landed in James Town, Virginia.

The report from 3news adds that the Finance Ministry, the Bank of Ghana and the Ghana Investment Promotion Centre are to discuss how to get the retail impact of the investment account.
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