Diaspora Financial Bonds

Date Shared:

Tuesday, January 28, 2014 - 16:30

Countries and areas:

Ghana

2030 Agenda migration-relevant and related target Labels:

Goal 10: Reduced inequalities - 10.c on remittances costs reduction

Targets that could benefit from the potential of migration and migrants

Contributors:

Member States

Chairmanship:

Sweden 2013-2014

Geographical Relevance:

National

Tags:

Migration, Trade and Investments, Diaspora Empowerment and Engagement, Mainstreaming Migration into Development Planning

Summary:

In order to assist the Government in financing development, Financial Bonds have been offered targetting the Diaspora. The Ministry of Finance has been working with the Bank of Ghana to reduce the cost of remittances while enhancing its use for investment (as opposed to mainly for consumption). Currently, there is a World Bank project being coordinated by the Ministry of Finance and Economic Planning looking at remittances in Ghana.

Link:

For more information:

http://www.sciedupress.com/journal/index.php/ijfr/article/view/15628

GFMD Source:

GFMD 2013-2014 GFMD Survey Report