Ghanaians all over the world continue to send money back home to families and friends for specific reasons.
[contextly_sidebar id=”R0r1DckyGMtR7IrQiP17s0FYHf3oPSL5″]These remittances have continued to serve as a pool of foreign exchange for the country.
Even though figures for 2016 are yet to be published, the 2014 and 2015 figures showed over a 100 percent increase in remittances into the country.
In 2014, Ghana received a total of 2 billion dollars while the figure reached over 4.9 billion dollars in 2015.
According to Bank of Ghana figures, in 2015, the United States topped the countries with the most remitted funds to Ghana with 537 million dollars, followed by Nigeria with 362 million dollars.
The UK came in the third position with 258 million dollars while Italy was in the fourth position with 131 million dollars.
Germany was in the fifth position with 105 million dollars.
Cote d’Ivoire came in as the sixth country with 92 million dollars while Canada and Togo were in the seventh position with 73 million dollars.
Burkina Faso and the Netherlands came in the eighth and positions with 64 million dollars and 48 million dollars in that order.
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By: Lawrence Segbefia/citibusinessnews.com/Ghana