Business News of Friday, 12 April 2019Source: ghananewsagency.orgGhanaians living abroad sent home $3.8 billion in 2018Global remittances which include flows to high-income countries reached US$689bn in 2018Remittances from Ghanaians living abroad to Ghana increased by 7.3 percent to US$3.8 billion in 2018. Transfers grew by almost 10 per cent to US$46 billion, according to the World Bank’s latest Migration and Development Brief. Global remittances, which include flows to high-income countries, reached US$689 billion in 2018, up from US$633 billion in 2017. Reducing remittance costs to three per cent by 2030 globally is one target of the Sustainable Development Goals (SDGs). “We need to boost efforts to create jobs in developing countries and to monitor and reduce recruitment costs paid by these workers.”

Source: GhanaWeb April 12, 2019 12:00 UTC