Mr. Kwadwo Baah-Wiredu, Minister of Finance and Economic Planning on Tuesday called on African governments to prioritise the money transfer sector and formulate appropriate policies that would turn the sector into a concrete capital pool to boost their economies.
He said barriers, which would be identified, as impeding such efforts should be removed to get the best results for development. Mr. Baah-Wiredu made the call at a two-day regional consultation on migration, remittances and development in Accra attended by about 45 participants from 15 African countries, including least developed countries which were selected based on their size of remittances inflows and on-going innovative work on remittances.
The meeting, organised by the United Nations Development Programme (UNDP) seeks to create an intra-Africa dialogue in the Diaspora to explore strategic options to maximise the developmental impact of remittances, provide recommendations for actions and assist UNDP in sharpening its focus on future work in the area at country level with special attention on the needs of the least developed countries. [Read more]
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