This research is part of a series of country diagnostics in selected African countries, in implementation of the Platform for Remittances, Investments and Migrants’Entrepreneurship in Africa (PRIME Africa) initiative. The diagnostic series can be downloaded on the RemitSCOPE web portal.
This Ghana country diagnostic was prepared in accordance with the PRIME Africa goals, including:
1. To reduce remittance transfer costs to Ghana in support of the relevant Sustainable Development Goal (SDG 10.c) and the Global Compact for Safe, Orderly and Regular Migration.
2. To reduce the use of informal transfer channels to Ghana.
3. To enhance financial inclusion through associated financial services.
This diagnostic is a “working document” that will be updated and amended as additional information is collected and assessed. Currently, the report provides an assessment of the remittance market in Ghana. Coming soon are insights into two specific send markets (corridors) to Ghana, including demand-side research.
Based on the findings of this diagnostic, recommendations will be included in a road map proposing a prioritized approach to achieving the PRIME Africa goals. Coordination and cohesion with public policy and other international development agencies will be key to success. It is envisaged that public and private funding will be made available for road map implementation.