The largest source of remittances inflows into Ghana in 2017 was the United States of America (USA), according to the World Bank. In that year an amount of $2.2 billion was remitted into the country, and that is a 4.3 per cent increase from that of 2016, making Ghana the fifth largest remittances recipient in Africa.
Remittances from the USA into Ghana amounted to $585 million. $395 million came from Nigeria, the second largest, followed by the United Kingdom – $286 million, Italy $145 million and Germany, $115 million.
Remittances to sub-Saharan Africa rose 11.4 per cent to $38 billion in 2017, and the largest recipient country in Africa was Nigeria which received $21.9 billion; followed by Kenya, which received $2 billion.
Uganda received $1.4 billion, Mali – $1 billion and $900 million went to South Africa.
By Emmanuel K. Dogbevi
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