This document provides an update to the original Ghana country diagnostic that was produced in 2020. Ghana has experienced major economic instability over the last year that has had a major impact on the country in terms of hyperinflation and currency devaluation. The situation has since stabilised but increased costs in the Ghana economy have affected both RSPs and...

This document provides an update to the original Gambia country diagnostic that was produced in 2021. In general, there have been a few major structural changes to the Gambia remittance market in the last two years. The volume of remittances flowing into Gambia has dipped slightly according to the Central Bank of Gambia (CBG), but has increased a bit...

This document provides an update to the original Kenya country diagnostic that was produced in 2021. This Report documents significant changes that have occurred since that time. In general, there have not been major structural changes to the Kenya remittance market in the last two years. The volume of remittances flowing into Kenya has grown noticeably during this period...

A DIGITAL ECOSYSTEM WITH EVEN MORE EXCITING TIME AHEAD There are exciting developments in Uganda for remittances with improvements to domestic interoperability planned, roll-out of a new national ID scheme, a real-time eKYC scheme for ID verification planned, an innovative shared agency banking network to address rural financial inclusion, high-use of mobile money, a burgeoning...

LARGEY INFORMAL MARKET, BUT COMPETITION INTENSIFYING It is estimated that from South Africa to SADC about 50% of remittances are sent through informal channels. The ADLAs are competing and gaining traction. Payment is still mainly cash via large retail networks, but reduced KYC requirements has increased access. Prices have been coming down as competition intensifies...

A GROWING DIGITAL REMITTANCE MARKET Costs of sending remittances to Senegal, particularly from the EU, are low and remittance regulations within the country are open and clear. However, the digital payment ecosystem is fragmented, and electronic money payment services are not integrated. The use of digital accounts for receiving international remittances remains limited despite the...