Deputy Finance Minister Thomas Nyarko Ampem has called on Ghanaians living abroad to continue investing and transferring funds home, assuring them that the government is committed to maintaining the stability of the cedi.
Speaking to members of the Ghanaian community in Germany on the sidelines of the Hamburg Sustainability Conference 2025, Mr Ampem addressed concerns that some diaspora members might be delaying remittances and investments due to the cedi’s recent appreciation against major foreign currencies.
“Don’t hold back, because we are going to work hard to make sure the cedi remains strong,” Ampem stated.
“If you want to wait, hoping that the cedi will depreciate before you transfer money, you are going to be disappointed. Keep bringing the funds because we need them. We need the Foreign Direct Investment (FDI).”
The Deputy Finance Minister explained the government’s efforts to stabilize the local currency and boost economic growth.
He noted that a stronger cedi benefits the economy and should encourage rather than deter financial inflows from abroad.
“Locally, we are trying our best to strengthen the cedi and boost the economy,” he said. “We are doing our best back home so that you will be proud and want to come back and contribute in whatever way you can.”
Mr Ampem’s commens come amid growing discussions about the impact of exchange rate fluctuations on diaspora remittances and investments.
Ghana has seen increased remittance inflows in recent years, playing a crucial role in supporting households and local businesses.
The government has implemented several measures, including tighter monetary policies and improved forex management, to stabilize the cedi after periods of depreciation.
Mr Ampem was confident in the government’s recent these policies while urging Ghanaians abroad to remain active participants in national development.
“Your contributions matter, and we are working to ensure that your investments are safe and beneficial to both you and the country,” he added.
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