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Remittance Costs Triple UN Target in Africa, IMF Pushes Digital Fix

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/remittance-costs-triple-un-target-in-africa-imf-pushes-digital-fix/Families across Sub-Saharan Africa lose billions to steep remittance fees, with costs averaging 8.5% per transfer nearly triple the UN’s 3% target. The International Monetary Fund’s Deputy Managing Director Bo Li calls this “unacceptable,” citing opaque pricing and slow processing times that slash critical funds for households relying on diaspora support. Why does sending money […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/remittance-costs-triple-un-target-in-africa-imf-pushes-digital-fix/


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