Diaspora Bonds Revisited: Review of the Potential and Feasibility of a Ghanaian Diaspora Bond

Abstract: This paper explores the potential and feasibility of a Ghanaian diaspora bond. The paper uses a mixed-method approach combining qualitative interviews with key incumbents in the diaspora finance sector with quantitative data from two surveys on diaspora bonds from the Commonwealth (2018) and Mensah (2019). Furthermore, the paper reviews the existing body of literature on diaspora bonds and other forms of diaspora finance in Ghana, as well as in other nations and regions where their experiences can be used to benchmark the potential of similar strategies for Ghana. The paper aims to shed light on the conditions necessary for successfully issuing diaspora bonds in Ghana and the associated challenges. Thereby providing evidence-based suggestions for policymakers and decision-makers in various industries on efficiently leveraging the Ghanaian diaspora’s financial assets for economic prosperity.