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Wednesday, May 22, 2024

Ghana received $ 4.7 billion in remittances in 2022 – GIZ

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Report by Eric ASAMOAH
The County Director of Deutsche Gesellschaft fur international Zusammenarbeit (GIZ) Regina Bauerochse  Barbosa has said that the latest World Bank Migration and Development Brief, reveals thatGhana maintained its position as the second largest recipient of diaspora money transfers and remittances that in Africa, recording $ 4.7 billion inflows in 2022.
Speaking at the International Migrant Day in Accra, Regina Bauerochse Barbosa indicated that when the diaspora and the international community of Ghanaians work together, migration can bring significant development benefits to both countries of origin and destination.
She noted that not only do migrants remit substantial amounts back to their communities, but they also promote trade, investment, innovation, skills, and knowledge to their country of origin and destination.
She spoke on the theme “It Takes a Community
The Country Director appealed to traditional rulers, opinion leaders, and members of the various communities to cease the stigmatization of returned migrants. She said it takes a community to properly reintegrate returned migrants and takes a community to end stigmatization.
She added that the WIDU project was commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ), leverages diaspora money transfers to create jobs and increase income for micro and small entrepreneurs in six African countries – Ethiopia, Tunisia, Cameroon, Kenya, Togo, and Ghana.
She noted that WIDU has supported 884 micro and small enterprises in Ghana with business coaching and funding. Throughout the WIDU process, 1.08 million Euros of private investment was mobilized into small Ghanaian businesses. Additionally, 1. 35 million Euros from the German Cooperation worth of grants were disbursed. Together, capital worth 2.43 million Euros has been invested in micro and small businesses in Ghana which resulted in 1874 new and sustainable jobs, 59%of which are women-owned.
Chief of Mission of the International Organization of Migration ( IOM) Fatou Diallo Ndiaye noted that since 2018 the IOM and GIZ have collaborated with the primary objective of contributing to the provision of comprehensive, gender-sensitive, and sustainable reintegration assistance to Ghanaian returning migrants and opportunities for potential migrants, with a particular emphasis on the provision of livelihood, employment, and education opportunities for stronger governance of Migration in the country.
She said the IOM assists returnees in launching micro businesses and also supports psychological and mental health.
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