According to banking consultant Dr. Richmond Atuahene, remittance inflows into Ghana are more than income from gold and cocoa.
Delivering a speech at the third Accra Breakfast Meeting of Graphic Business/Stanbic Bank, Dr. Atuahene stressed the importance of strategically focusing on utilizing remittances as a major engine of economic growth.
The statement comes after a World Bank analysis that projected remittances will enter Ghana's economy at a rate of almost $27.6 billion between 2016 and 2022.
"Over a ten-year period, generated $28.6 billion from remittances, compared to $18.7 billion from cocoa and $7.6 billion from gold," he claimed.
Because it is something that can be properly organized, recorded, and traced into the balance sheet, that is why some of us have referred to it as "gold," or "super gold." Because it would boost the economy, I believe Ghana will be someplace, maybe close to Dubai," he continued.
Because it is something that can be properly organized, recorded, and traced into the balance sheet, that is why some of us have referred to it as "gold," or "super gold." Because it would boost the economy, I believe Ghana will be someplace, maybe close to Dubai," he continued.
Tags:
NEWS