Move to stabilise cedi: Govt, BoG urged to avert leakage of foreign remittances graphic.com.gh - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from graphic.com.gh Daily Mail and Mail on Sunday newspapers.
Balance of payments, inward remittances compilation and analysis: The case of Ghana from 2016-2022 (Part 1) graphic.com.gh - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from graphic.com.gh Daily Mail and Mail on Sunday newspapers.
Third, the Ministry of Finance, Minister of Foreign Affairs and Regional Integration, and Bank of Ghana, together with their development partners like the World Bank, need to come to a judgment as to whether or not remittances are likely to be a permanent phenomenon in Ghana’s Balance of Payments (BoPs). Drawing on the experience of other countries which have managed significant inflows of remittances (Bangladesh, El Salvador, Jordan) could be an important starting point. Also, conducting a comprehensive survey to assess the actual scale of remittances and labour migration would help the authorities develop a well-defined strategy to maximize the benefits of remittances while minimizing any negative repercussions.