Whats is Diaspora Account
A safe and secure way to save and invest money in Ghana
The Problem
- Many Ghanaians transfer funds to relatives, friends and acquaintances to meet obligations back home.
- Quite often, it costs too much to go through traditional money transfer or banking processes to send money home.
- Funds transferred from abroad are quite often relied upon by parents as the pension and relatives as means of survival.
- Unfortunately, many times, the funds sent home do not get to the intended destinations.
- Emergencies arise and there are many stalled projects in Ghana as funds take too long to be delivered.
- Ghanaians abroad are skeptical about keeping/investing funds at home due to risks of losing them and depreciation of the cedi.
The Solution – First National’s Diaspora Services
- The First National Diaspora Account allows Ghanaians abroad to open a cedi account with First National.
- Each Diaspora Account Holder (DAH) gets a unique password.
- A Diaspora Account telephone number and email address is available for DAHs to use in making inquiries and executing banking transactions.
- Diaspora Accounts can be used to make payments for school fees, utility payments, regular remittance payments to relatives, housing construction payments, make investments on Ghana Stock Exchange and with approved mutual funds and unit trusts, etc.
- Funds can be transferred to meet needs through any of the more than 40 branches of First National located in all the 10 regions of the country.
