Remittance Inflows
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Description
Ghana placed 2nd in remittance flows to Africa in 2023, the World Bank has revealed in its 2024 Migration Development Report.
The country recorded $4.6 billion in remittance receipts in 2023.Nigeria came 1st with remittance flows of $19.5 billion. Kenya, Zimbabwe and Senegal came 3rd, 4th and 5th with inflows of $4.2 billion, $3.1 billion and $2.9 billion respectively.
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Published 06/28/24
Despite facing restrictions over the past two years due to rising debt levels, slow economic growth, and a low balance of payment account, Ghana may soon gain access to s for new dollar borrowings. International investors and Eurobond holders view this positively following the government’s $13.1...
Published 06/26/24
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