Do Remittances Promote Financial Development in Africa?

One of the major foundations of economic growth is to have a strong financial sector. studies have sought to find factors that promote the financial sector. This books considers funds transferred by migrants living overseas to their home countries. The impact these transferred funds has on the financial development of recipient countries in Africa, where higher migration records are staggering. How do remittances impact on the credit availability, deposits and money circulation of recipients in Africa?

Autorentext

The author is a MPhil graduate of finance from the University of Ghana and has keen interest in financial development. Prior to this, He studied Accounting. He is currently a tutor of finance with interests in financial management and derivatives.