Diaspora News of Thursday, 20 November 2008

Source: --

"Boggers" Remit $US6,000,000,000 Anually?

Dr. Arthur Kennedy, Communication Director of Nana Akufo-Addo's campaign team, said on an Accra-based radio station, that Ghanaians in the diaspora (aka. "Boggars" or "Burgers") have been contributing about $4 billion to $6 billion into the economy as against the $500 million in the NDC era.

The claim sparked a spontaneous outburst of laughter from Tony Aidoo, a leading member of the National Democratic Congress (NDC), who said remittances into the whole of Africa stood at $8 billion.

Who is right?

World Bank

Sub-Saharan Africa received almost $12 billion in remittances in 2007, and that was only the official number. With "informal" flows added the total amount can easily be double that number.

Nigeria was the highest recipient, with $3.3 billion.

Other recipients in the top 10 were Sudan with $1.2 billion, Senegal and Uganda with $0.9 billion each, South Africa $0.7 billion, Lesotho $0.4 billion, Mauritius $0.2 billion, Togo $0.2 billion and Mali $0.2 billion.

The world’s top five recipients of migrant remittances in 2007 is India ($27 billion), which also had the world’s largest migration population of 5.7 million; China ($25.7 billion); Mexico ($425 billion); Philippines ($17 billion) and France (12.5 billion).