Saturday, 2 June 2007

Ghana: Inward remittances hit $1.52bn

Posted on: 22-May-2007
Total private inward transfers received by NGOs, embassies, service providers and individuals for the first quarter of 2007 hit 1.52 billion dollars representing 17.1 per cent increase over the figure recorded for the same quarter of 2006.Dr Paul Acquah, Governor of the Bank of Ghana, said total transfers were 346.56 million dollars, representing 22.8 per cent accruing to individuals, compared with 32.8 per cent for the same period in 2006, when total transfers for the year amounted to 5.80 billion dollars.Gross international reserves pegged at 2.07 billion dollars being 2.5 months of goods and services imports cover. "In April 2007, there was a decline of 8.8 per cent from the end of 2006 level, but an increase of 8.4 percent in year-on-year terms," he added. [Read more]

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