• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

$4.7bn remittance inflows makes Ghana the 4th largest recipient in Africa, World Bank says

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
2k
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

Sub-Saharan Africa Maintains Resilient Growth but Faces Urgent Jobs Challenge

$4.7bn remittance inflows makes Ghana the 4th largest recipient in Africa, World Bank says

Ghana is ranked the fourth highest recipient of remittance inflows on the African Continent by the World Bank.

This is due to some $4.7bn remittance inflows recorded for the year 2022.

According to the World Bank, in the post-COVID period, remittances have become even more important as a source of external financing for countries globally.

In 2022, remittance flows to low- and middle-income countries increased by 8 percent, to reach $647 billion.

In Sub-Saharan Africa, remittance flows reached $53 billion in 2022, a 6.1 per cent increase from the previous year, following the strong growth of 16.3 per cent in 2021.

Remittance inflows to the region are, however, projected to rise by 1.3 and 3.7 per cent in 2023 and 2024, respectively.

Egypt was the largest recipient of remittances in the region with $28.3 billion in 2022. However, this represents a 10 per cent decline after reaching a record high of $31.5 billion in 2021.

Egypt was followed by Nigeria with remittance inflows of $20.1bn.

Here are the top 10 African countries with the highest diaspora remittance inflow according to the World Bank:

RankCountryAmount ($billion)
1Egypt. Arab Rep28.3 billion
2Nigeria20.1 billion
3Morocco11.2 billion
4Ghana4.7 billion
5Kenya4.1 billion
6Tunisia3.1 billion
7Zimbabwe3.1 billion
8Senegal2.5 billion
9Algeria1.8 billion
10Congo, Dem. Rep.1.7 billion

 

Tags: $4.7bn remittance inflows makes Ghana the 4th largest recipient in Africaremittance inflowsWorld BankWorld Bank says
No Result
View All Result

Highlights

Value or Illusion? Questioning the DStv “Increased Value Offer”

Inflation is Falling, But the Relief isn’t Uniform

Poultry Programme: Production and Processing Must Grow Hand-in-Hand

CAF Declares $9.48 Million Profit as Financial Turnaround Under Dr. Patrice Motsepe Gains Momentum

Bank of Ghana Sells GH¢4.91bn in 56-Day Bills at 21.48% Yield

IMF Says Good Policies and “Good Luck” Helped Emerging Economies Better Resist Shocks

Trending

Features

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

October 7, 2025

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale Barrick Mining announced that it has agreed...

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

October 7, 2025

Sub-Saharan Africa Maintains Resilient Growth but Faces Urgent Jobs Challenge

October 7, 2025

Value or Illusion? Questioning the DStv “Increased Value Offer”

October 7, 2025

Inflation is Falling, But the Relief isn’t Uniform

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.