Deputy Finance Minister Thomas Nyarko Ampem has known as on Ghanaians dwelling overseas to proceed investing and transferring funds house, assuring them that the federal government is dedicated to sustaining the soundness of the cedi.
Chatting with members of the Ghanaian neighborhood in Germany on the sidelines of the Hamburg Sustainability Convention 2025, Mr Ampem addressed issues that some diaspora members could be delaying remittances and investments as a result of cedi’s latest appreciation in opposition to main foreign currency echange.
“Don’t maintain again, as a result of we’re going to work arduous to verify the cedi stays robust,” Ampem said.
“If you wish to wait, hoping that the cedi will depreciate earlier than you switch cash, you’ll be upset. Maintain bringing the funds as a result of we’d like them. We’d like the Overseas Direct Funding (FDI).”
The Deputy Finance Minister defined the federal government’s efforts to stabilize the native forex and increase financial development.
He famous {that a} stronger cedi advantages the financial system and will encourage quite than deter monetary inflows from overseas.
“Domestically, we try our greatest to strengthen the cedi and increase the financial system,” he stated. “We’re doing our greatest again house in order that you’ll be proud and need to come again and contribute in no matter method you’ll be able to.”
Mr Ampem’s commens come amid rising discussions in regards to the influence of change price fluctuations on diaspora remittances and investments.
Ghana has seen elevated remittance inflows in recent times, enjoying a vital position in supporting households and native companies.
The federal government has applied a number of measures, together with tighter financial insurance policies and improved foreign exchange administration, to stabilize the cedi after durations of depreciation.
Mr Ampem was assured within the authorities’s latest these insurance policies whereas urging Ghanaians overseas to stay lively individuals in nationwide growth.
“Your contributions matter, and we’re working to make sure that your investments are secure and helpful to each you and the nation,” he added.
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