2024 remittances hit $6.65bn, four times higher than FDIs – BoG
Funds sent home by Ghanaians living abroad far exceeded foreign direct investments (FDI) from external investors in 2024. According to ...
Tag: Remittances
BoG to audit remittance transactions for Q4 2024
The Bank of Ghana (BoG) is set to conduct an audit of remittance transactions covering the period from October 1, ...
Remittances can boost Ghana’s economy more than FDIs – Taptap Send
Taptap Send Africa is advocating for greater attention to remittance inflows as a key driver of Ghana’s economic growth, highlighting ...
Remittances: BoG explains role of fintechs, MTOs
The Bank of Ghana (BoG) has clarified the role of FinTechs in the remittance space. In an explainer shared on ...
BoG faces scrutiny over $11.2bn discrepancy in remittance data
The Bank of Ghana is being asked to clarify the discrepancy between its data on remittance inflows and the figures ...
Remittances: Ghana places 2nd in Sub-Sahara Africa with $4.6bn in 2023 – WB Report
Ghana emerged as the second-largest recipient of remittances in Sub-Saharan Africa in 2023, receiving an estimated $4.6 billion, according to ...
Saved by the payangel – The state of remittances in Sub-Saharan Africa [Article]
Ghana is the second-largest remittances receiver in Sub-Saharan African after Nigeria with an economic reliance of USD 4,054 Million (Inflows), ...
Absa Bank taps into Ghana’s $3.6 billion remittance market
Absa Bank Ghana has announced a partnership with MoneyGram, a major reliable and trusted brand in the remittance industry, to ...
Ghanaians living abroad sent home $3.8 billion in 2018
Remittances from Ghanaians living abroad to Ghana increased by 7.3 percent to US$3.8 billion in 2018. Remittances to Sub-Saharan African countries ...
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