Business News of Saturday, 4 January 2020Source: Graphic.com.ghGovernment opens ‘Sankofa Account’ for DiasporaThe interest accruing banking product is targeted at Africans living abroadThe Ministry of Finance has created an investment mechanism to help drive investment into the country from the Diaspora. Known as the 'Africa Sankofa Account or the ‘Diaspora Savings and Investment Account,' the interest accruing banking product is targeted at Africans living abroad, who desire to invest in the Ghanaian economy. Mrs Oteng-Gyasi said many people the ministry had engaged so far were interested in making some investment commitments in the country, hence the importance of the ‘Sankofa Account’. Tourism AuthorityThe Chief Executive Officer of the Ghana Tourism Authority (GTA), Mr Akwesi Agyeman, for his part, said the ‘Sankofa Account’ would help move the relationship between Ghana and the diaspora from a mere visit to one based on investment. He explained that the investment product would be the springboard for the diasporan community to partake in the rebuilding of the African continent.

Source: GhanaWeb January 04, 2020 09:56 UTC