Saturday 7 March 2009

Life without remittances in Ghana

HO, Ghana — The sidewalk in front of Ghana Commercial Bank is not where Godwin “Romeo” Dagadu expected to find himself.

He needs a loan to help him stay in school. He wants to be a banker some day. His mother is here, to co-sign the application.

Gone are the days when his father, who moved to the United States, would wire a few hundred dollars every once in a while, which he put toward school fees.

His father lost his factory job in Minnesota and moved to South Africa, where as a teacher he’s not earning enough to send money home.

Even in this tiny city 95 miles northeast of Accra, it’s hard to find shelter from the global financial crisis. Read more

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