Economics
Ghana Targets Its Diaspora for $3 Billion in Investments
- West African nation to launch program before year-end
- Funding needed for infrastructure, agriculture: Ofori-Atta
Photographer: Ty Wright/Bloomberg
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Ghana is targeting its diaspora to raise $3 billion in funding for economic development, said Finance Minister Ken Ofori-Atta.
The West African nation will structure an investment vehicle to offer better rates than what depositors typically can earn in countries such as the U.S., Ofori-Atta told reporters Friday in the capital, Accra. The ministry is in talks with the central bank about the proposal’s details and plans to launch the program before the end of 2020, he said.