Average cost of receiving remittances in Ghana 2011 to 2022

Published by
Doris Dokua Sasu,
Sep 29, 2023
In 2022, receiving 200 U.S. dollars in remittances from abroad in Ghana incurred an average cost reaching 6.9 percent of the amount sent. In the period observed, the highest cost was registered in 2012, when 11.5 percent of the said transferred sum was charged.

Average cost of receiving 200 U.S. dollars in remittances in Ghana from 2011 to 2022

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Sources

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Release date

December 2022

Region

Ghana

Survey time period

2011 to 2022

Supplementary notes

According to the source, all data shown are the World Bank’s calculations based on data from IMF Balance of Payments Statistics database and data releases from central banks, national statistical agencies, and World Bank country desks. Trends over time are not directly comparable due to changes in measurement. Also, the data often do not include remittances sent by migrants via money transfer operators (i.e. Western Union) or informal transfers (i.e. friends, relatives).

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