Friday, 27 March

Mahama backs bill to expand Diaspora role in governance, announces investment bond plan

News
President John Mahama

President John Dramani Mahama has announced his readiness to assent to a proposed bill that will allow Ghanaians in the diaspora to fully participate in the country’s political administration.

Speaking during an engagement with the Ghanaian community in Philadelphia in the United States, President Mahama disclosed that the government is sponsoring and supporting a bi-partisan piece of legislation aimed at removing long-standing restrictions that limit diaspora involvement in governance.

He explained that once the bill is passed by Parliament, Ghanaians living abroad will no longer be required to renounce their foreign citizenship before participating fully in political activities in Ghana.

“This bill is about inclusion and fairness. It ensures that no Ghanaian, simply because they live abroad, is denied the opportunity to contribute to the governance of their own country,” he stated.

President Mahama also highlighted the critical role of the diaspora in national development, noting their significant contribution to Ghana’s economy through remittances and investments.

In addition, the president announced plans to introduce diaspora investment bonds as a new avenue for Ghanaians abroad to directly support development projects.

“We will be laying legislation before Parliament to allow members of the diaspora to invest in government bonds that will fund key development projects, while also earning competitive returns,” he said.

He added that the initiative is expected to be mutually beneficial, providing a secure and profitable investment opportunity for diaspora Ghanaians while mobilising much-needed capital for infrastructure and other priority sectors.

President Mahama further encouraged Ghanaians abroad to continue investing in the country, stressing that their participation remains vital to Ghana’s economic growth and transformation.

Source: classfmonline.com/Pearl Ollennu