Country Report 2020: Ghana
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2020-10
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American English
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Abstract
In 2019, migrant remittance inflows to Ghana was estimated at USD 3.72 billion compared to USD 3.50 billion in 2018 (KNOMAD, 2019). Remittances to Ghana are expected to decline until 2021 due to the COVID-19 pandemic as the income of migrant workers has plummeted, especially for those in Organisation for Economic Co‐operation and Development (OECD) member countries. The World Bank (2020) estimates that remittances to sub-Saharan Africa will decline by 21.3 percent and recover by 4.0 percent in 2021 (Ratha et al., 2020).
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Working Paper