Remittance costs as share of amount remitted in Ghana

Ghana: Remittance costs as share of amount remitted was 8.08 in 2021. ▼ Falling

Latest (2021)
8.08
Change on year
down 1.0%
World rank
9th
of 46 countries
All-time high
16.4
in 2019
All-time low
8.08
in 2021
Years of data
5
2011–2021

Remittance costs as share of amount remitted in Ghana, 2011–2021

0510152011201620212011: 15.82015: 8.72019: 16.42020: 8.22021: 8.1

Source: Our World in Data.

Analysis

In 2021, remittance costs as share of amount remitted in Ghana stood at 8.08. That is the lowest value across all 5 years on record.

The figure is down 1.0% on the previous year and down 48.8% over ten years.

Over the whole period, remittance costs as share of amount remitted in Ghana peaked at 16.4 in 2019 and was at its lowest, 8.08, in 2021.

That places Ghana 9th out of 46 countries with data for 2021, putting it in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 13.61 8.66 16.4 3
2020s 8.12 8.08 8.16 2

Countries ranked near Ghana

  1. 6 Angola 12.68 compare
  2. 7 Thailand 11.56 compare
  3. 8 Kenya 9.23 compare
  4. 10 Japan 7.95 compare
  5. 11 Costa Rica 7.5 compare
  6. 12 Sweden 7.36 compare

See the full ranking of 46 places →

More reference data data for Ghana

All data for Ghana →

Frequently asked questions

What is remittance costs as share of amount remitted in Ghana?
Remittance costs as share of amount remitted in Ghana was 8.08 in 2021, according to Our World in Data.
What is the highest remittance costs as share of amount remitted recorded in Ghana?
The highest recorded value was 16.4 in 2019.
What is the lowest remittance costs as share of amount remitted recorded in Ghana?
The lowest recorded value was 8.08 in 2021.
How does Ghana rank for remittance costs as share of amount remitted?
Ghana ranks 9th out of 46 countries with data for 2021.
Is remittance costs as share of amount remitted rising or falling in Ghana?
Over the last ten years it is down 48.8%. The long-run trend across the full record is falling.
Where does this Ghana data come from?
The figures come from Our World in Data, published as part of Remittance costs as share of amount remitted. Statizoid updates them automatically from the source API.

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About this data

Indicator
Remittance costs as share of amount remitted
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
46 places, 291 data points, 2011–2021
Last refreshed