Banking Consultant Dr Richmond Atuahene has indicated that Ghana’s inflows from remittances surpass the revenue generated from cocoa and even gold.

Speaking at the third edition of the Graphic Business/Stanbic Bank Breakfast Meeting in Accra, Dr Atuahene emphasized the need for strategic focus on harnessing remittances as a key driver for economic growth.

The comment follows a World Bank report which estimated that about $27.6 billion of remittances flowed into Ghana’s economy between 2016 and 2022.

“Generated $28.6 billion from it (remittances) over 10 years as compared to $18.7 billion from cocoa and $7.6 billion from gold,” he asserted.

“So that is why some of us have described it as gold, super gold, because it is something if it is well structured, captured, traced into the balance sheet. I think Ghana will be somewhere, I think maybe near Dubai because it is something that will support the economy,” he added.