Removing the barriers to remittances in Sub-Saharan Africa
– – In contrast to the global average of 6.8%, the average cost of remittances to Sub-Saharan Africa in 2020 was 8.9% of the transaction’s value. In Sub-Saharan Africa, informal flows are common, and the trend is rampant in several corridors. A formal market that is not operating at its best to meet the needs of people, especially lower-income people,…
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