Dr Johnson Asiama is the Governor of the Bank of Ghana
The Governor of the Bank of Ghana, Dr Johnson Asiama, has expressed concern over the significant decline in remittance inflows into the country, suggesting that both changing economic behavior and possible irregularities within the industry may be contributing factors.
Speaking at the Chartered Institute of Bankers (CIB) Ghana post-MPC roundtable discussion on August 5, 2025, Dr Asiama questioned the persistent drop in remittances from the diaspora.
He stated that the Central Bank is intensifying efforts to ensure all remittance inflows intended to support the Ghanaian economy are properly accounted for.
“We have stepped up. We have issued some data directives, all in an attempt to ensure that remittance inflows from the Ghanaian diaspora, every dollar, must enter our system to support economic activity,” he said.
Dr Asiama also raised concerns about possible misconduct by some industry players, particularly International Money Transfer Operators (IMTOs) and Payment Service Providers (PSPs).
“We have reason to believe that some players in the remittance space may be engaging in wrongdoing. We are investigating this, looking into the activities of IMTOs and whether some form of onshoring is occurring. Let me take this opportunity to issue a warning to any such IMTOs and PSPs,” he cautioned.
SP/MA
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