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Prospects and Feasibility of Diaspora Bond: The Case of Ghana

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  • Lord Mensah

Abstract

This study sought to establish the rationale, feasibility, conditions, determinants and hindrances of a successful issuance of a diaspora bond by Ghana as a sovereign economic entity. The study also sought to assess the willingness of the Ghanaian diaspora to patronise a diaspora bond. A total of 12 financial institutions within Accra and 113 Ghanaians living in the diaspora were contacted using the purposive sampling method. The study finds that Ghana has patriotic citizens in the diaspora who are ready to patronize its diaspora bonds. It was also found that prospective investors of Ghana¡¯s diaspora bond find GDP growth and political stability as the most favourable indicators in pulling investors. The study concludes that though internal weaknesses and external threats exist, Ghana stands a good chance for a successful diaspora bond issue with an anticipated high patronage by Ghanaians in the diaspora.

Suggested Citation

  • Lord Mensah, 2019. "Prospects and Feasibility of Diaspora Bond: The Case of Ghana," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 10(4), pages 25-36, July.
    • Handle: RePEc:jfr:ijfr11:v:10:y:2019:i:4:p:25-36
    DOI: 10.5430/ijfr.v10n4p25
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    References listed on IDEAS

    as
    1. Suhas L. Ketkar & Dilip Ratha, 2010. "Diaspora Bonds: Tapping The Diaspora During Difficult Times," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 1(02), pages 251-263.
    2. Adrian Blundell-Wignall & Yu-Wei Hu & Juan Yermo, 2008. "Sovereign Wealth and Pension Fund Issues," OECD Working Papers on Insurance and Private Pensions 14, OECD Publishing.
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