{"id":194433,"date":"2024-06-28T12:59:51","date_gmt":"2024-06-28T12:59:51","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/06\/28\/bog-faces-scrutiny-over-11-2bn-discrepancy-in-remittance-data\/"},"modified":"2024-06-28T12:59:51","modified_gmt":"2024-06-28T12:59:51","slug":"bog-faces-scrutiny-over-11-2bn-discrepancy-in-remittance-data","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/06\/28\/bog-faces-scrutiny-over-11-2bn-discrepancy-in-remittance-data\/","title":{"rendered":"BoG faces scrutiny over $11.2bn discrepancy in remittance data \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The Bank of Ghana is being asked to clarify the discrepancy between its data on remittance inflows and the figures reported by the World Bank.<\/p>\n<p>While the World Bank reported about $20.7 billion in remittances flowing into Ghana from 2018 to 2022, the Auditor General\u2019s report on the Bank of Ghana\u2019s consolidated statements of foreign exchange receipts and payments for the same period accounted for only $9.5 billion, revealing a gap of about $11.2 billion.<\/p>\n<p>In an interview with Citi Business News, Banking consultant Dr. Richmond Atuahene noted that if all remittances were tracked and traded accurately, such discrepancies would not occur.<\/p>\n<p>\u201cThis World Bank report sends a warning and signal to all countries around that remittances are key to foreign exchange build up. If you track and trace and capture all remittances you won\u2019t have problems because It\u2019s more like gold and cocoa.\u201d<\/p>\n<p>\u201cI am demanding that under the Right to Information, they should come clear about the discrepancies.\u201d<\/p>\n<p>SOURCE:citinewsroom.com<\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Ghana is being asked to clarify the discrepancy between its data on remittance inflows and the figures reported by the World Bank. While the World Bank reported about $20.7 billion in remittances flowing into Ghana from 2018 to 2022, the Auditor General\u2019s report on the Bank of Ghana\u2019s consolidated statements of foreign [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":194434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-194433","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BoG faces scrutiny over $11.2bn discrepancy in remittance data \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/06\/28\/bog-faces-scrutiny-over-11-2bn-discrepancy-in-remittance-data\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BoG faces scrutiny over $11.2bn discrepancy in remittance data \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Bank of Ghana is being asked to clarify the discrepancy between its data on remittance inflows and the figures reported by the World Bank. 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