Why Ghana's Diaspora Sent $6.5 Billion Home in 2024 & Where That Money Is Really Going
About this episode
Adrian discusses the impact of diaspora remittances on Ghana's real estate market and the emotional factors driving these investments.
Listen to this episode next: "From $50K to $120M: How an Indian Entrepreneur Unlocked Ghana’s Invisible Economy": https://open.spotify.com/episode/77R8TPtq28wEpGinpg9kDW?si=Kv4Ml72pQbCab70PtHqjhQ In this episode, Adrian breaks down one of the most important and least talked about stories in Ghana's growth right now: the relationship between diaspora remittances and Ghana's real estate boom. In 2024, Ghana received close to $6.5 billion in remittances, almost four times the country's total foreign direct investment that same year. By 2025, that figure was reportedly approaching $7.8 billion. Ghana is now one of the largest remittance-receiving countries in sub-Saharan Africa, second only to Nigeria. But this episode isn't just about the numbers. It's about where that money is actually going, and why Key Topics: Why diaspora money is increasingly flowing into land, homes, and property rather than everyday expenses Why the United States is the single largest source of remittances into Ghana, and what that means for property demand The neighbourhoods driving the boom: East Legon, East Legon Hills, Airport Residential Area, Airport Hills, Ridge, Tse Addo and Aburi The growing…
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