MAP Protection de l’environnement: L’Arabie Saoudite lance l’initiative verte à Abidjan ANP Niger : 1600 tonnes de sucre pour parer aux besoins en ce mois béni de ramadan AGP Gabon/CNIE : la campagne de délivrance du numéro d’identification personnel s’ouvre le 3 avril prochain AGP Gabon/Vie chère : 80,3 millions F CFA de pénalités en février 2024 AGP Gabon : Le président Oligui Nguema reçoit le soutien de la diaspora gabonaise multi-continentale G10 AGP Gabon/Plan National de Développement de la Transition : un investissement de 3 000 milliards de F CFA pour 288 projets AGP Gabon/Réforme du système judiciaire : signature d’un accord de coopération entre le ministère de la Justice et le PNUD MAP Plus de 38.600 réfugiés et demandeurs d’asile enregistrés en Somalie, selon le HCR MAP Sa Majesté le Roi, Amir Al Mouminine, préside la quatrième causerie religieuse du mois sacré de Ramadan 1445 H ACI Congo/Culture: Claise Bostard Akonga entend récompenser les meilleurs artistes congolais

Remittance flows to Ghana hits $3.6 billion


  22 Juin      62        Economie (20809),

 

Accra, June 22, GNA – The World Bank Migration and Development Report for 2021 has reported an increase of 5 per cent to $3.6 billion in remittances flows to Ghana despite the lockdown in many of the remittances sending countries.

Host countries for Ghanaian migrants include the USA, the UK, Côte d’Ivoire, Italy, Germany, and Canada.

The resilience of Ghanaian migrants has been commended in the face of the harsh economic impact on the top ten remittances sending countries because of the COVID-19.
Madam Abibatou Wane, Chief of Mission, International Organisation for Migration (IOM), speaking at the GIZ- Ghana Programme Migration and Diaspora Multi-Stakeholder Dialogue on Remittance in Accra.

The Dialogue which was on the theme, « Leveraging Remittances for Recovery and Resilience Post-COVID-19 » also marked the International Family Day of Remittances.

She said the World Bank had projected that remittance flows to low and middle-income countries was expected to fall by 7 percent, to $508 billion in 2020.

This is followed by a further decline of 7.5 percent to $470 billion in 2021 due to the lockdown and expected economic effects of the Covid-19 in the remittances sending countries but contrary to expectations, remittances to Ghana rather increased.

Madam Wane said in Ghana, remittances were a growing source of foreign funds, raising the standard of living for vulnerable and low-income households across Ghana.

She said from a study conducted by IOM in the Ghana market, Ghana as of 2019 was the second largest recipient of remittances in Sub-Saharan Africa.

Madam Wane said the flows through official channels have increased from $117.6 million in 2007 to an estimated $3.8 billion in 2018, with remittances equate to 7.4 per cent of Gross Domestic Product.
“It is estimated that if monitored, remittances sent through informal channels could increase total flows by as much as 50 per cent,” she said.

She said the Financial Sector in Ghana, according to Findex, had gone through a period of change over the last 5 years, with financial inclusion reaching 57 per cent in 2017.

Madam Wane informed that increase in mobile penetration had created opportunities for the expansion of financial services by mobile money providers, making Ghana to overtake several markets to become the fastest growing mobile money market in Africa.

Dans la même catégorie