• 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

Remittance inflows soar to $3.2 billion in Q3 2023

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
175
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Remittance inflows soar to $3.2 billion in Q3 2023

Latest data from the Bank of Ghana, disclosed during its recent Monetary Policy Committee meeting on November 27, 2023, reveals a substantial uptick in remittance flows, reaching $3.2 billion in the third quarter.

This marks a notable increase from the $2.5 billion recorded during the same period in 2022.

The comprehensive data further unveils a remarkable transformation in the current account, which now boasts a surplus of $1.0 billion.

This stands in stark contrast to the $1.8 billion deficit registered in the corresponding period of 2022.

The central bank attributes this surplus to commendable enhancements in the trade account, a pronounced reduction in income payments, and a robust surge in remittance inflows.

The income account, a focal point of analysis, exhibits significant improvement, propelled by the effects of a debt standstill.

RelatedPosts

Over 40% of Nigeria’s Informal Businesses Make Less Than $12 Daily

MTN Ghana’s Service Revenue Hits GHS 17.3bn, Driven by Data and Mobile Money Expansion

Ghana Stock Exchange Ends Tuesday Lower on Losses in Financial and Telecom Stocks

According to the BoG, the prudent financial strategy has resulted in a substantial 56% decrease in net income payments, now totaling $1.4 billion.

Furthermore, interest payments on public debt have seen a remarkable decline of 89.8%, settling at $134 million compared to $1.3 billion during the same period in 2022.

This positive economic outlook underscores the effectiveness of policy measures, indicating a favorable trajectory and fostering increased confidence in the nation’s fiscal landscape.

Tags: BOGremittance inflowsRemittance inflows soar to $3.2 billion in Q3 2023
No Result
View All Result

Highlights

Norrie Stuns Alcaraz to End World Number One’s Winning Streak at Paris Masters

Ghana, Nigeria, South Africa Qualify for TotalEnergies CAF Women’s Africa Cup of Nations 2026

PSG Posts Record Turnover of €837 Million After Champions League Triumph

Nestlé Ghana to Launch “No Refined Sugar” Variant of CERELAC®️

Cedi@60: Fiscal Discipline Key to Preserving Monetary Independence – BoG Governor

Cedi@60: Ghana Has Turned a Decisive Corner in Post-Crisis Recovery, Says Governor Asiama

Trending

Features

Over 40% of Nigeria’s Informal Businesses Make Less Than $12 Daily

October 29, 2025

Over 40% of Nigeria's Informal Businesses Make Less Than $12 Daily A new Informal Economy Report 2025 reveals that...

MTN Ghana’s Service Revenue Hits GHS 17.3bn, Driven by Data and Mobile Money Expansion

October 29, 2025

Ghana Stock Exchange Ends Tuesday Lower on Losses in Financial and Telecom Stocks

October 29, 2025

Norrie Stuns Alcaraz to End World Number One’s Winning Streak at Paris Masters

October 29, 2025

Ghana, Nigeria, South Africa Qualify for TotalEnergies CAF Women’s Africa Cup of Nations 2026

October 29, 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.