Skip to main content

Ghana Must Leverage Citizenship for Economic Growth – Kofi Asmah Urges Policy Shift”


 

Accra-based legal practitioner and entrepreneur, Kofi Asmah, has urged the Ghanaian government to reconsider its current approach of granting citizenship to members of the African diaspora without requiring any economic contribution. In a statement shared via Facebook on September 21, 2025, Asmah called the practice a “missed opportunity” for national development and urged policymakers to adopt a more strategic model.

“Stop giving away Ghanaian citizenship for free,” Asmah stated, referencing the government's symbolic but economically passive approach. He cited the landmark 2019 Year of Return, during which 126 members of the African diaspora were granted Ghanaian citizenship. Since then, government data indicates that citizenship has been extended to 624 individuals—524 of them in a November 2024 ceremony and over 100 in 2022.

While Asmah acknowledged the Pan-African intentions behind the initiative, he argued that Ghana must evolve beyond symbolic gestures and treat citizenship as an economic asset. He pointed to international examples such as Portugal’s Golden Visa programme, which has generated over €7 billion in foreign investment since its inception in 2012, and Malta’s citizenship-by-investment scheme, which contributes hundreds of millions of euros annually to infrastructure projects.

“They understand what Ghana does not—citizenship must serve the state,” he asserted.

Asmah proposed a Ghanaian version of the Golden Visa model, where diaspora applicants seeking citizenship are required to make tangible investments in the country. “If diaspora applicants truly love Ghana, they should be willing to invest in its future,” he argued.

He further suggested that citizenship could be tied to specific sectors such as agriculture, housing, renewable energy, or even the Ghanaian bond market. By linking nostalgic reconnection to economic development, Asmah believes the policy could turn emotional commitment into practical nation-building.

“By requiring diaspora applicants to invest in key sectors, we turn a nostalgic homecoming into a concrete contribution to the economy,” he said.

Asmah estimated that if each of the 750 recipients of Ghanaian citizenship since 2019 had been required to invest at least $200,000, the country could have raised over $150 million—funds that could be directed toward critical infrastructure, including schools and hospitals, or used to stabilise the cedi.

“These are funds that could have helped address our housing deficit or strengthen our currency reserves,” he added.

Recognizing the emotional and historical weight behind diaspora repatriation—especially in light of slavery and displacement—Asmah maintained that sentiment alone is not enough to sustain national progress.

“History matters. The scars of slavery and displacement cannot be ignored. But nostalgia alone will not strengthen the cedi,” he emphasized.

He concluded that Ghana must view its passport as a valuable economic instrument. “A Ghanaian passport offers access to ECOWAS markets, visa-free travel across much of Africa, and international recognition. Why give it away for free when it can help finance national growth?”

Source: MyNewsGH.com

Comments

Popular posts from this blog

Davido Makes History as the First Living Artist to Cover RollingStone Africa Magazine

Nigerian music icon Davido has achieved a significant milestone in his career by becoming the first living artist to grace the cover of RollingStone Africa magazine. This accomplishment comes as part of the promotional campaign for his highly anticipated fifth studio album, Five , set to drop on April 18, 2024. At a recent listening party for the album, Davido revealed that Five will feature 13 collaborations, including appearances by renowned artists such as Victony , Musa Keys , and Victoria Monet . The album will also showcase guest features from YG Marley , who previously worked with Davido on the hit single Awuke , and Chike and OdumoduBlvck , who both joined him on the track Funds . Additionally, Five is set to include collaborations with Adekunle Gold and Omah Lay , with Omah Lay describing the partnership as a perfect musical synergy in a recent interview. During a live Twitch session with Nigerian alternative music star and content creator Cruel Santino , Davido offer...

Ken Ofori-Atta Files Legal Action Against Special Prosecutor Over 'Wanted Person' Label

Former Finance Minister, Ken Ofori-Atta, has taken legal action against the Office of the Special Prosecutor (OSP), seeking an injunction to prevent the agency from continuing to label him as a “wanted person” or “fugitive from justice.” This legal move comes after Ofori-Atta's image and personal details were publicly displayed on the OSP's official social media pages, despite earlier assurances made in a letter dated February 18, 2025. In a motion filed by his legal team, Ofori-Atta argues that the OSP's actions violate the principles of administrative justice, specifically the right to a fair process and the protection of his personal dignity. He is requesting the immediate removal of his name from the OSP's list of wanted individuals and a court order to prevent the agency from reinstating it without prior judicial approval. Additionally, Ofori-Atta seeks an interlocutory injunction to stop the OSP from issuing any further press releases or public statements that ...

Richard Nii Armah Quaye: Paving the Way for Innovation in Ghana’s Entertainment and Technology Sectors

Ghana's business ecosystem is undergoing a dynamic transformation, driven by the strategic vision of investor Richard Nii Armah Quaye. Known for his impactful investments in youth-driven enterprises, Quaye has made significant contributions across industries, including hospitality and fintech. Now, with his investment firm, Quick Angels, Quaye is catalyzing a new phase of growth for Lynx Entertainment, expanding its reach beyond its core focus on music. At the heart of this transformation lies Lynx Electronics, a subsidiary of Lynx Entertainment that is dedicated to advancing innovations in entertainment technology. The flagship product of this expansion is the Lynx Reverb Headset, a high-end audio device engineered to deliver an unparalleled immersive sound experience. This venture marks a bold entry into the tech sector, bridging the worlds of music and cutting-edge audio technology. Strategic Investments for Ghanaian Innovation Richard Nii Armah Quaye’s investment strategy i...