Private remittance inflows into Ghana dropped marginally to US3.65 billion during the first half of 2026, down from the US3.93 billion recorded in the first half of 2025, according to data from the July 2026 Monetary Policy Report released by the Bank of Ghana.
Despite the slight reduction in worker transfers from abroad, net income payments made to non-residents expanded significantly to US$ 2.88 billion, compared to US$ 2.27 billion in the corresponding period of 2025. Central bank analysis attributes this outflow surge to higher interest obligations, corporate profit repatriations, and dividend disbursements.
Meanwhile, the nation’s capital account logged net transfers of US$ 94.07 million, sustained primarily by external project grants. Combined current and capital account surplus reached US$ 5.20 billion, preserving Ghana’s net lending standing relative to global counterparties.
Financial account dynamics and foreign asset accumulation
Beyond movement in private remittance inflows, the financial account recorded a higher net acquisition of financial assets, totaling US4.90billion in the first six months of the year—upfromUS4.27 billion recorded in H1 2025.
Direct investment inflows expanded to US$ 1.07 billion during the review window, compared with US$ 906.9 million in the previous year, driven largely by elevated levels of corporate reinvested earnings.
Conversely, the “other investments” category posted net outflows of US$ 8.02 billion. This trend was fueled by domestic commercial banks and private sector institutions accumulating offshore holdings. Currency and bank deposits maintained in foreign accounts jumped dramatically to US$ 5.26 billion, climbing from US$716.6 million in H1 2025.
Loan repayments and international trade credits
Ghanaian economic actors also adjusted their offshore debt profiles during the review period. Local residents reduced their outstanding loan liabilities to non-resident creditors by US$1.97 billion.
Furthermore, domestic firms extended US$793.1 million in outward trade credits and advances to overseas counterparties.
As global central banks adjust interest frameworks and foreign exchange policy guidance monitored by institutions like the International Monetary Fund (IMF), the central bank continues to track how shifting private remittance inflows and foreign financial asset movements influence national reserve buildup and exchange rate stability.
Learn more about Ghana’s central bank projections in the video coverage of the Bank of Ghana H2 Economic Growth Forecast, which outlines the macroeconomic momentum and fiscal outlook for the second half of the year.
